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1 Check my work 10 points Exercise 7-14(Algo) Aging of receivables method LO P3...

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Accounting

1
Check my work
10
points
Exercise 7-14(Algo) Aging of receivables method LO P3
a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.
b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,100 credit.
c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,600 debit.
Complete this question by entering your answers in the tabs below.
References
ReqA
Req B and C
Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.
\table[[,\table[[Accounts],[Receivable]],x,\table[[Percent],[Uncollectible (%)]],=,\table[[Estimated],[Uncollectible]],],[Not due:,,x,,=,,],[1 to 30:,,x,,,,],[31 to 60:,,x,,,,],[61 to 90:,,x,,,,],[Over 90:,,x,,,,],[Estimated balance of allowance for uncollectibles,,,,,,]]
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