Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis Accounts receivable Percent uncollectible Total $ 115,200 $ 80,000 1% 1 to 30 $ 18,000 3% Days Past Due 31 to 60 $ 7,200 5% 61 to 90 $ 4,999 8% Over 90 $ 6,000 11% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1.000 credit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts receivable Percent uncollectible (%) Estimated Uncollectible Not due X 1 to 30 31 to 60 X 61 to 90 Over 90 Estimated balance of allowance for uncollectibles Roy Required 2 > Saved Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts $1,000 credit. View transaction list Journal entry worksheet Record estimated bad debts assuming that allowance for Doubtful Accounts has a $1,000 credit balance. Note: Enter debits before credits. General Journal Date December 31 Debit Credit Record entry Clear entry View general journal