T 1110 FALL 2020. INSTRUCTOR: JOHL ents BE8.5 (LO 2) AP Video Gourdeau Co. uses an aging schedule to determine its estimated uncollectible accounts at December 31. Complete the following schedule and determine the required balance in the Allowance for Doubtful Accounts and the carrying amount of the accounts receivable. Complete aging schedule and determine the allowance and carrying amount. ng the Accounts Receivable Estimated % Uncollectible Estimated Uncollectible Accounts tion of the 196 Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Total 4% $265,000 70,000 45,000 20,000 $400,000 10% Ling for erations 20% y Costing BE8.6 (LO 2, 4) AP Refer to the data in BE8.5 for Gourdeau Co. Control and Determine the allowance and prepare partial balance sheet. ring for a. Assuming the allowance for doubtful accounts has an unadjusted credit balance of $4.500 at December 31, what is the bad debt expense for the year? b. Prepare the current assets section of the balance sheet for Gourdeau Co. Assume that, in addition to the receivables, it has cash of $90,000, merchandise inventory of $130,000, and prepaid insurance of $7,500. ed Assets 11:03 PM 11/26 2020