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Question 11. The company uses the aging of accounts receivable to establish how much of...

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Question 11. The company uses the aging of accounts receivable to establish how much of an allowance for bad debts it should show on the books. Given the information on the separate document, make the appropriate journal entry to record bad debts expense for the period. I Current receivables Receivables 1 to 30 days past due Receivables 31 to 60 days past due Receivables 61 to 90 days past due Receivables older than 90 days past die 162,000 48,000 30,000 12,000 5,500 257,500 Expectation of what will not be collectible Current receivables Receivables 1 to 30 days past due Receivables 31 to 60 days past due Receivables 61 to 90 days past due Receivables older than 90 days past die 1% 3% 8% 20% 50%

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