a$)$

At June $30,$ Crown Point Ltd$.$ prepared the following aging schedule:

Accounts

Receivable

Estimated $\%$

Uncollectible

$2\%$

$46-90$ days

Over $90$ days

Total

$$782,000$

$267,000$

Complete the aging schedule.

Number of Days

Outstanding

$0-45$ days

$

Total E Accounts

stimated

Uncollectible$15640$

$4\%$

$10680$

$115,000$

$17\%$

$19550$

$$1,164,000$

$ $45870$Date

June $30$

$($b$)$

Prepare the adjusting journal entry to record credit losses at June $30$ assuming that Crown Point's allowance for expected credit

losses had a credit balance of $$14,250$ before adjustment. $($List debit entry before credit entry. Credit account titles are automatically

indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for

the amounts.$)$

Account Titles and Explanation

Debit

Credit