onc Mostly cle Prepare the entry for bad debt expense for the current year assuming historical records show that, based on accounts receivable aging, the following percentages will not be collected: (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 titles and enter O for the amounts List debit entry before credit entry) Percentage Estimated to Be Uncollectible Balance 0-30 days outstanding $35,500 1% 31-60 days outstanding 45.200 5% 61-90 days outstanding 13,900 12% Over 90 days outstanding 8,900 18% Account Titles and Explanation Bad Debt Expen Allowance for Doubtful Accounts Q Search 0 Debit 2175 Credit 2175 INC POD 54 PM 0 Current Attempt in Progress The trial balance before adjustment of Larkspur, Inc., reporting under ASPE, includes the following balances Debit Credit Accounts receivable $103,500 Allowance for doubtful accounts 1,965 Sales revenue (all on credit) $670,000 Sales returns and allowances 30.700 (a1) 0C Mostly clear Your answer is correct. ENG Q Search US