@ Determining Bad Debt Expense Using the Aging Method At the beginning of the year, Tennyson Auto Parts had an accounts receivable balance of $31,800 and a balance in the allowance for doubtful accounts of $2,980 (credit) During the year, Tennyson had credit sales of 5624,300, collected accounts receivable in the amount of $602,700, wrote of $18,600 of accounts receivable, and had the following data for accounts receivable at the end of the period: Accounts Proportion Expected Receivable Age Amount to Default Current $21.900 0.01 1-15 days past due 5,300 0.02 15-45 days past due 3,100 0.08 46-50 days past due 3,600 Over 90 days past due 0.30 $36,300 Required: 1. Determine the desired postadjustment balance in allowance for doubtful accounts. 0.15 2.400 2. Determine the balance in allowance for doubtful accounts before the bad debt expense adjusting entry is posted 3. Compute bad debt expense. 4. Prepare the adjusting entry to record bad tot expense. ook towing data for accounts receivable at the end of the period Accounts Proportion Expected Receivable Age Amount to Default Current $21.900 0.01 1-15 days past dus 5,300 0.02 16-45 days past de 0.00 16-90 days past due 5,600 0.15 Over 90 days past due 2,400 0.30 $36,300 3.100 Required: 1. Determine the desired postadjustment balance in allowance for double accounts. 2. Determine the balance in swance for doubtful accounts before the bad expense adjusting entry is posted 3. Conte hadde 4. try to record bad expense acordado a debt expense estimate CMW Chewy Next St Agent for Grading MacBook Pro F 15 FG F7 F8 FO F10 F1 F12 ) 3 * 5 4 6 & 7 8 O E R -T Y U O ( F G H J L V B