eBook Calculator Problem 5-84A (Algorithmic) Aging Method Bad Debt Expense Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayce's accounts receivable: Accounts Receivable Category Amount Proportion Expected to Default 0.02 0-20 days $91,300 21-40 days 0.08 41-60 days 21,500 11,700 5,300 0.15 Over 60 days 0.30 $129,800 Cindy indicates that the $129,800 of accounts receivable identified in the table does not include $8,900 of receivables that should be written off. Required: 1. Journalize the $8,900 write-off. Required: OF Peceivables that should be written off 1. Journalize the $8,900 write-off. Record write-off of defaulted account 2. Determine the desired postadjustment balance inllowance for doubtful accounts, Round each aging category to the nearest dollar. 3. If the balance in allowance for doubtful accounts before the $8,900 write-off was a debit of $450, compute bad debt expense. Prepare the adjusting entry to record bad debt expense. Record adjusting entry for bad debt expense estimate Next Check My Work 3 more Check My Work uses remaining, Save and Exit Submit Assignment for Grading