Question: Brief Exercise 8-5 (Part Level Submission) At June 30, Springfield Ltd. prepared the following aging schedule: (a1) Your answer is correct. Complete the following aging

Brief Exercise 8-5 (Part Level Submission) At June 30, Springfield Ltd. prepared the following aging schedule: (a1) Your answer is correct. Complete the

Brief Exercise 8-5 (Part Level Submission) At June 30, Springfield Ltd. prepared the following aging schedule: (a1) Your answer is correct. Complete the following aging schedule. Number of Days Outstanding. Accounts Receivable. Estimated % Uncollectible. Total Estimated Uncollected Accounts. 0-45 days. 14420 $721,000 2% $ 46-90 days. 263,000 5% 13150 Over 90 days. 19210 113,000 17% Total. 46780 $1,097,000 (a2) Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Springfield's allowance for doubtful accounts had a credit balance of $12,300. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit June 30

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