Allowance for doubtful acounts

Computing Adjustments for the Allowance for Bad Debts Complete the following for the Company's year end: December 31, 2013 (a) Sort the receivables list by age category and determine the estimated balance of uncollectible accounts. Walt's believes the following rates of noncollection will occur: 1% of receivables up to 30 days, 3% for 31 to 90 days, 10% for 91 to 180 days, and 40% of accounts over 180 days. (b) If the balance of Allowance for Uncollectible Accounts contained $15,000 (credit), what adjusting entry is needed to reflect the analysis from part (a)? (c) If the balance of Allowance for Uncollectible Accounts contained $15,000 (debit), what adjusting entry is needed to reflect the analysis from part (a)? Customer Date of Sale Amount Air There Freight December 11, 2013 12,300 Aurora November 12, 2013 5,000 Batesville August 18, 2013 14,805 CarMan December 9, 2013 21,900 Clinic Quick August 15, 2012 16,040 Delorres River Guides September 19, 2013 8,990 Elonzo's Restaurant December 17, 2013 11,789 Hospital Supply December 4, 2013 135,100 Inidigo November 29, 2013 16,500 Meridan Oil May 20, 2013 11,786 Museum of Art December 21, 2013 255,000 Norman's December 23, 2013 10,000 Novellus February 16, 2013 18,780 Robert Ricketts December 14, 2013 3,550 Sanchez Systems October 25, 2013 22,310 Security by the Hour December 13, 2013 40,900 Stop Shop December 27, 2013 34,700 Target Time February 3, 2013 14,440 Uvlade Ranch December 7, 2013 3,700 Xhi October 20, 2013 15,100 Zebra Sports December 3, 2013 144,000 AGE BALANCE ESTIMATED % UNCOLLECTIBLE ESTIMATED AMOUNT UNCOLLECTIBLE 0 to 30 days 1% <--=D34*F34 31 to 90 days 3% 91 to 180 days 10% Over 180 days 40% $- GENERAL JOURNAL Date Debit Credit (b) (c)