(a) determine the amount estimated to be uncollectible by completing the aging of receivables schedule. round calculations to the nearest dollar. est. uncollectible accounts age interval balance percentage amount not past due $550,000 2.50% 1—30 days past due 96,500 4.00% 31—60 days past due 43,750 9.50% 61—90 days past due 22,250 16.00% 91—180 days past due 5,600 31.00% 181—365 days past due 3,100 60.00% over 365 days past due 1,250 95.00% total $722,450(b) if the allowance for doubtful accounts has a credit balance of $9,700, record the adjusting entry for the bad debt expense for the year. (c) if the allowance for doubtful accounts has a debit balance of $9,700, record the adjusting entry for the bad debt expense for the year.

Dr Bad Debt Expense$ 20,410

Cr Allowance for Uncollectible Accounts$ 20,410

Dr Bad Debt Expense$ 39,810

Cr Allowance for Uncollectible Accounts$ 39,810

Explanation:

$550,000  2,5%  $13,750  Not Past Due

$96,500  4,0%  $3,860  Past Due 1-30 days

$43,750    9,5%  $4,156  Past Due 31-60 days

$22,250    16,0%  $3,560  Past Due 61-90 days

$5,600      31,0%  $1,736  Past Due 91-180 days

$3,100      60,0%  $1,860  Past Due 181-365 days

$1,250      95,0%  $1,188  Past Due Over 365 days

$722,450             $30,110  

Dr Bad Debt Expense$ 20,410

Cr Allowance for Uncollectible Accounts$ 20,410

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of estimated value.  

Because the company already has a CREDIT balance ($9,700) in the Allowance for Doubtful Accounts it's necessary to register an entry that complement ($20,410) the existing value and reflect the value ($30,110) as % of account receivable.  

record the adjusting entry for the bad debt expense for the year.  

Dr Bad Debt Expense$ 39,810

Cr Allowance for Uncollectible Accounts$ 39,810

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of estimated value.  

Because the company already has a DEBIT balance ($9,700) in the Allowance for Doubtful Accounts it's necessary to register an entry that compensate ($39,810) the existing value and reflect the value ($30,110) as % of account receivable.  

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.