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  3. nash company had the following data on december 31

Nash Company had the following data on December 31, 20X1, before any adjustments: Accounts Receivable,...

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Accounting

Nash Company had the following data on December 31, 20X1, before any adjustments: Accounts Receivable, December 31 Not past due $113,500 1 to 30 days past due $50,100 31 to 60 days past due $28,630 61 to 90 days past due $10,360 more than 90 days past due $4,500 Total Accounts Receivable, December 31 $207,090 Percentages of Accounts Receivable Estimated to be Uncollectible Not past due 2% 1 to 30 days past due 5% 31 to 60 days past due 10% 61 to 90 days past due 20% more than 90 days past due 50% Allowance for Doubtful Accounts, December 31 (before adjustment) $2,960 credit Total credit sales $4,094,000 Based on this data, estimate the amount of Bad Debt Expense that Nash Company should record in its December 31, 20X1 adjusting entry, and the ending balance (after adjustment) in the Allowance for Doubtful Accounts:

Allowance for Doubtful Accounts, Dec 31 (before adjustment): $2,960 credit

Bad Debt Expense:

Allowance for Doubtful Accounts, Dec 31 (after adjustment):

What is the Bad Debt Expense and Allowance for Doubtful Accounts, Dec 31 (after adjustment):

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