CHECK QS 9-9 Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $181,500 $99.000 1x 1 to 30 $37,000 3% 31 to 60 61 to 90 $16,500 $13,500 5% ax Over 50 $15,500 11% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $2,900 credit Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts receivable Percent uncollectible (%) Not due 1 to 30: = 31 to 60 X 61 to 90 X Over 90 Estimated balance of allowance for uncollectibles Req2 > Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $2,900 credit View transaction list Journal entry worksheet 1 Record estimated bad debts assuming that allowance for Doubtful Accounts has a $2,900 credit balance. Note: Enter debits before credits General Journal Debit Credit Date Dec. 31