Crabbe Apple Ltd$.$ had an $$1,100$ credit balance in Allowance for Doubtful Accounts at December $31,2023,$ before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following:

Estimated Percentage

Uncollectible

Current Accounts $$180,0001\%$

$1-30$ days past due $16,0002\%$

$31-60$ days past due $13,0008\%$

$61-90$ days past due $10,00015\%$

Over $90$ days past due $6,00040\%$

Total Accounts Receivable $$225,000$

Required

a$)$ Prepare the adjusting entry on December $31,2023,$ to recognize bad debts expense. Show how accounts receivable would be shown on the statement of financial position after this adjustment.

b$)$ Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $$300$ debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's provision for uncollectible accounts. Show how accounts receivable would be shown on the statement of financial position after this adjustment.