P$8\mathrm{.}11$B $($LO $1,2,4)$ AP Presented below is an aging schedule for Bravo Wholesale Food Company on December $31,2024.$ Bravo sells all its goods on account with terms $\frac{n}{7}.$

At December $31,2024,$ the unadjusted balance in Allowance for Doubtful Accounts is a debit of $$6,500.$

Instructions

a$.$ Using the above aging schedule, determine the total estimated uncollectible accounts ai December $31,2024.$

b$.$ Prepare the adjusting journal entry to record bad debt expense.

c$.$ Show how accounts receivable would be presented on the balance sheet on December $31,2024.$

d$.$ What amount will be reported on the income statement for the year ended December $31,2024,$ for bad debt expense?

Taking It Further To eliminate bad debt expense, should Bravo Wholesale Food Company require all of its customers to pay cash? Explain.