Question/ View Policies Current Attempt in Progress 35:11 Hide King Products uses the allowance method in estimating uncollectible accounts On December 31, 2022, the balance in Accounts Receivable was 5670,000. An aging analysis of the accounts receivable indicated that $29.900 in accounts are expected to be uncollectible Prepare the adjusting entry to record estimated bad debts egensering the percent of receivables basis under each of the following independent assumptions Allowance for Doubtful Accounts has a credit balance of $4.700 before adjustment. (Credit account titles are automat manually cindent Account Titles and Explanation Debit Allowance for Doubtful Accounts Accounts Receivab Allowance for Doubt manually Accos sa debat e of 50 before mentredit account titles are automatically indented when the amount is entered Do not indent Allowance for Doubtful Accounts has a debit balance of $860 before adjustment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Allowance for Doubtful Accounts Accounts Receivable Attempts: 0 of 1 used Submit Answer Save for Later Last saved 31 minutes ago Saved work will be auto-submitted on the due date. Assement sent to Gradebook Tue Apr 2000, S AMA i ng recorded New York 04:00