Question: Based on the table below answer the following questions: Estimated Uncollectible Accounts Age Interval Balance Percentage Amount Not past due $850,000 1.00% 1-30 days

Based on the table below answer the following questions: Estimated Uncollectible Accounts Age Interval Balance Percentage Amount Not past due $850,000 1.00% 1-30 days past due 47,500 7.00 31-60 days past due 40,800 10.00 61-90 days past due 22,600 20.00 Total $960,900 a. Determine the estimated uncollectibles for each aging group. b. If Allowance for Doubtful Accounts has a credit balance of $1,135.00, record the adjusting entry for the bad debt expense for the year.

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