Briggs & Stratton Engines Inc. uses the aging approach to estimate bad debt expense at the end of each accounting period.

At December 31, 2014 (end of the current accounting year) the accounts receivable balance was $101,000 and the allowance for doubt balance was $1000. In determining which accounts have been paid, the company. applies collections to the oldest sale first.

1. Compute the total accounts receivable in each category

2. Compute the estimated uncollectable amount for each age category and in total

3. Give the adjusting entry for bad debt expense on 12/31/14

Customer	Date	Explanation	Debit	Credit	Balance
Martha	3/13/2014	Sale	$ 25,000		$ 25,000
Martha	5/12/2014	Collection		$ 10,000	$ 15,000
Martha	9/30/2014	Collection		$ 7,000	$ 8,000
Howard	11/1/2013	Sale	$ 60,000		$ 60,000
Howard	6/1/2014	Collection		$ 20,000	$ 40,000
Howard	12/1/2014	Collection		$ 5,000	$ 35,000
McClain	10/31/2014	Sale	$ 50,000		$ 50,000
McClain	12/14/2014	Collection		$ 25,000	$ 25,000
Smith	5/2/2014	Sale	$ 15,000		$ 15,000
Smith	6/1/2014	sale	$ 10,000		$ 25,000
Smith	6/15/2014	Collection		$ 15,000	$ 10,000
Smith	7/15/2014	Collection		$ 10,000	$ -
Smith	10/1/2014	Sale	$ 90,000		$ 90,000
Smith	11/15/2014	Collection		$ 80,000	$ 10,000
Smith	12/15/2014	Sale	$ 10,000		$ 20,000
Anderson	12/30/2014	Sale	$ 13,000		$ 13,000
Total A/R					$ 101,000.00