Can someone help me with this accounting problem please? 3

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Business Finance


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Alpha Company uses aging to estimate uncollectibles. At the end of the fiscal year, December 31, 2016, Accounts Receivable has a balance that consists of: Dollar Value Age of Account Estimated Collectible $100,000 < 30 days old 98% 50,000 30 to 60 days old 90% 25,000 61 to 120 days old 50% 10,000 > 120 days old 10% The current unadjusted Allowance for Uncollectable Accounts balance is a debit balance of $1,500 and the Bad Debt Expense accounts has an unadjusted balance of zero. After the adjusting entry is made, what will be the dollar balances in the: 1. Accounts Receivable 2. Allowance for Doubtful Accounts 3. Bad Debt Expense
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