5-84A (Algorithmic) Aging Method Bad Debt Expense Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayce's accounts receivable: Accounts Proportion Expected Receivable Category Amount to Default 0-20 days $84,800 0.02 21-40 days 21,500 0.08 41-60 days 11,700 0.15 Over 60 days 5,300 0.30 $123,300 Cindy indicates that the $123,300 of accounts receivable identified in the table does not include $8,900 of receivables that should be written off. Required: 3. If the balance in allowance for doubtful accounts before the $8,900 write-off was a debit of $450, compute bad debt expense. Prepare the adjusting entry to record bad debt expense. Bad Debt Expense Allowance for Doubtful Accounts Record adjusting entry for bad debt expense estimate x x Feedback Feedback Check My Work