B) Assume the same facts above expect that the allowance for doubtful Accounting had a $600 debit balance before adjusment. Prepare the adjusting entry to record the current year's bad debts expense.

take/launchjsp?course_assessment_id=413797_18.com maining Time: 1 hour, 17 minutes, 52 seconds. estion Completion Status: The Broad Channel Company had a $600 credit balance in Allowance for Doubtful Accounts at December 31, 2022 (this is the balance in the account before the current year's adjusting journal entry to record bad debts expense). An aging of the accounts receivable revealed the following: Estimated % Uncollectible Current Accounts S120,000 1% 1-30 days past due 14.000 3% 31-60 days past due 16,000 6% 61-90 days past due 4,000 12% Over 90 days past due 6,000 30% Total Accounts Receivable $160,000 Instructions: a) Prepare the adjusting entry on December 31, 2022, to recognize bad debts expense. OMIT EXPLANATIONS. Click Save and Submit to save and submit. Click Save All Answers to saw all answers take/launchjsp?course_assessment_id=413797_18.com maining Time: 1 hour, 17 minutes, 52 seconds. estion Completion Status: The Broad Channel Company had a $600 credit balance in Allowance for Doubtful Accounts at December 31, 2022 (this is the balance in the account before the current year's adjusting journal entry to record bad debts expense). An aging of the accounts receivable revealed the following: Estimated % Uncollectible Current Accounts S120,000 1% 1-30 days past due 14.000 3% 31-60 days past due 16,000 6% 61-90 days past due 4,000 12% Over 90 days past due 6,000 30% Total Accounts Receivable $160,000 Instructions: a) Prepare the adjusting entry on December 31, 2022, to recognize bad debts expense. OMIT EXPLANATIONS. Click Save and Submit to save and submit. Click Save All Answers to saw all answers