Bad Debt Expense: Aging Method Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year.

Bad Debt Expense: Aging Method Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year. Accounts Receivable Age Proportion Expected to Default Allowance Required Amount Current $310,500 0.005 $1,553 1-30 days past due 47,500 0.01 475 31-45 days past due 25,000 0.13 3,250 12,800 0.20 2,560 46-90 days past due 91-135 days past due 6,100 0.25 1,525 Over 135 days past due 4,200 0.60 2,520 $11,883 The balance in Glencoe allowance for doubtful accounts at the beginning of the year was $47,600 (credit). During the year, accounts in the total amount of $51,232 were written off. Required: 1. Determine bad debt expense. $ 15,663 x Feedback 2. Prepare the journal entry to record bad debt expense. If an amount box does not require an entry, leave it blank. Bad Debt Expense 15,663 x Allowance for Doubtful Accounts 15,663 X (Record adjusting entry for bad debt expense estimate) Feedback 3. If Glencoe had written off $92,000 of receivables as uncollectible during the year, how much would bad debt expense reported on the income statement have changed? 27,600 X