Assignment 6 - Accounts Receivable and Bad debt Comouting Bad Debt Expense Using Aging of Accounts Recehrable Method Brown Cow Dairy uses the aging approach to estirute Bad Debt Expense. The balance of each account recevabie is aged on the basis of three time periods as follows: (1) 1-30 days old 511.200 : (2) 31-90 days old \$4.200: and (3) more than 90 days old. 52.200. For each age group. the average loss rate on the amount of the receivable due to uncollectibility is estinated to be (1) 6 percent, (2) 10 percent and (3) 20 percent, respectively. At December 31 (end of the current yearl the Allowance for Doubctul Accounts balance was $720 lcrediv before the end-of-period adjusting entry is made. Resuired a) Prepare a schedlule to estimate an aporopriate year-end balance for the Allowance for Doubthul Accounts. bl What amount of Bad Debt Expenses should be recorded on December 31? c) If the unadiusted bulance in the Allowance for Doubthul Accounts was a $520 debit balance, what amount al Bad Detet Expense should be recorded on December 31