Use the same format on graphs when solving the
problem.
The types of accounts for problem A going across on the first
collum and down on the first are- Age (days), Accounts receivable,
Allowance for doubtful accounts, bad debt expense, estimated loss
percentage, estimated uncollectible amount, 1-30, 31-60, 61-90,
91-120, and over 120.
The types of accounts for the two general journals are
basic and range from cash, accounts payable, merchandise
inventory, unearned revenue, sales, etc...

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Problem 2 - Accounting for Bad Debts using the Accounts Receivable Aging Method Required: Harmon, Inc. uses the aging of receivables method to account for the allowance of doubtful accounts and the recording of bad debt expense. Below is the aging of the accounts receivable along with the associated estimation of uncollectibility. a. Calculate the amount estimated to be uncollectible at the end of \( 2021 . \) b. Record the year-end entry to record the bad debt expense if there was a credit balance of \( \$ 12,000 \) in the Allowance for Doubtful Accounts at the end of 2021 before the year-end entry. c. Record the year-end entry to record the bad debt expense if there was a debit balance of \( \$ 3,500 \) in the Allowance for Doubtful Accounts at the end of 2021 before the year-end entry.
a. Calculation of uncollectible amount at December 31,2021 : b. Record the year-end entry to record the bad debt expense if there was a credit balance of \( \$ 12,000 \) in the Allowance for Doubtful Accounts at the end of 2021 before the year-end entry. c. Record the year-end entry to record the bad debt expense if there was a debit balance of \( \$ 3,500 \) in the Allowance for Doubtful Accounts at the end of 2021 before the year-end entry.