Your answer is correct.

Prepare an aging schedule to determine the total estimated uncollectibles at March $31.$

$\backslash$table$[[$Age of Accounts,Amount,X$,,$Estimated Uncollectlble$],[$O$-30$days,$$270,000,2\%,$$$,],[31-60$ days,$48,400,10\%,,4840],[61-90$ days,$30,600,30\%,,9180],[$Over $90$ days,$23,100,50\%,,11550],[,5),30970]]$

eTextbook and Media

List of Accounts

Attempts: $2$ of $2$ used

$($b$)$

Q$.$ Your answer is partially correct.

Prepare the adjusting entry at March $31$ to record the credit losses for the period. $($List debit entry before credit entry: Credit account titles are autamatically indented when amount is entered. Do not indent manually If no entry is requined, select $"$No Entry" for the account titles and enter $0$ for the amourits:

Date

Mar. $31$

Credit Losses

Debit

Credit

Allowance for Expected Credit Losses