(a) The aging of Torme Designs' accounts receivable is shown below. Calculate the amount of each periodicity range that is deemed to be uncollectible.??

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~{ \text { Estimated Uncollectible Accounts } } \\\begin{array} { | l | r | c | c | } \hline \text { Age Interval } & \text { Balance } & \text { Percentage } & \text { Amount } \\\hline \text { Not past due } & \$ 850,000 & 3.50 \% & \\\hline 1 - 30 \text { days past due } & 47,500 & 5.00 & \\\hline 31 - 60 \text { days past due } & 21,750 & 10.00 & \\\hline 61 - 90 \text { days past due } & 11,250 & 20.00 & \\\hline 91 - 180 \text { days past due } & 5,065 & 30.00 & \\\hline 181 - 365 \text { days past due } & 2,500 & 50.00 & \\\hline \text { Over } 365 \text { days past due } & \underline{1,145} & 95.00 & \\\hline \text { Total } & \underline{\mathbf { \$939,210 }} & & \\\hline\end{array}

(b) If Allowance for Doubtful Accounts has a credit balance of $1,135.00, record the adjusting entry forthe bad debt expense for the year.

If the Direct Write-Off Method of Accounting for Uncollectible Receivables

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