TASK (E) UNCOLLECTABLE ACCOUNTS (10 POINTS) LYD Corp, uses the balance sheet approach to estimate uncollectible accounts expenses. At year- end, an aging of her accounts receivable produced the following five groupings: Based on experience, the company estimated a) Not yet due $250,000 the percentages probably uncollectible for the five age groups as follows: b) 1-30 days past due $105,000 Group A, 1.0% Group B, 3.0% c) 31-60 days past due $40,000 Group C, 10.0% Group D. 25.0% d) 61-90 days past due $7,500 Group E, 50.0% The Allowance for Doubtful Accounts before e) Over 90 days past due $15,000 adjustment on December 31 showed a Credit Balance also $21,500 Total $417.500 (a) Instruction: (show your calculations and round to 2 decimal places) Fill in the "Accounts Receivable by Age Group into the table below. Accounts Receivable by Age Group Amount % Considered Uncollectible a. Not yet due b. 1-30 days past due Estimated Uncollectible Accounts c. 31-60 days past due d. 61-90 days past due e. Over 90 days past due Totals (b) Instruction: Enter the Adjusting Transaction into the Ledger below: Account Titles Dec 31 Date Debit Credit