Business
a) Staples Corporation shows a credit balance of $21,500 in Allowance for Doubtful Accounts at December 31, 2017, before the current year's provision for uncollectible accounts. The accounts receivable aging schedule revealed the following: Not yet due130 days past due 3160 days past due 6190 days past due Over 90 days past dueEstimated Percentage Uncollectible$250,000 3% 660,000 6% 125,000 12%85,000 28% 25,000 42%Compute the total uncollectible and journalize the entry on December 31, 2019, to record bad debts expense.