Need help with Part (b)

Complete the aging schedule. Number of Days Outstanding Accounts Receivable Estimated % Uncollectible Total Estimated Uncollected Accounts 0-45 days $720,000 2% $ 14400 46-90 days 263,000 6% 15780 Over 90 days 19210 113,000 17% Total $ 49390 $1,096,000 Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Granger's allowance for doubtful accounts had a credit balance of $13,500 before adjustment. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titi and enter for the amounts.) Date Account Titles and Explanation Debit Credit June 30 Bad Debts Expense Accounts Receivable