ea 1 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts $2,800 credit 02:30 44 Visina Record estimated bad debts assuming that allowance for Doubtful Accounts has a $2,800 credit balance. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31 Bad debts expense Allowance for doubtful accounts Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $178,000 $98,000 1 to 30 $36,000 31 to 60 $16,990 5% 61 to 90 $13,000 8X Over 90 $15,000 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 $2,800 credit