Marin Merchandising uses an aging schedule to determine its estimated uncollectible accounts at year end. The percentage estimates of bad debts are as follows: MARIN MERCHANDISING Aged Schedule of Accounts Receivable No. of Days Outstanding Amount Estimated % Uncollectible 0-30 days $61,200 0.45% 31-60 days 26.000 5.10% 61-90 days 11.800 22.00% Over 90 days 4.800 50.00% $103.800 Using the information above for Manoir Merchandising, prepare the adjusting entry to record bad debt expense for each of the following independent situations: -1 35 The Allowance for Doubtful Accounts has an unadjusted $1,710 debit balance and the company uses the aging schedule to determine estimated uncollectible accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.76.) MARIN MERCHANDISING Aged Schedule of Accounts Receivable Number of Days Outstanding Estimated % Uncollectible Estimated Uncollectible Accounts Amount 0-30 days $61,200 0.45% 31-60 days 26,000 5.10% 61-90 days 11.800 22.00% Over 90 days 4.800 50.00% $103.800 - / 35 e = Date Account Titles and Explanation Debit Dec. 31 I Credit e Textbook and Media List of Accounts The Allowance for Doubtful Accounlas has an unadjusted $1,710 credit balance and the company uses the aging schedule to determine estimated uncollectible accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.76.) Date Account Titles and Explanation Debit Credit Dec. 31 The Allowance for Doubtful Accounts has an unadjusted $1,710 debit balance and management estimates that 4% of accounts receivable will be uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31