The lnmop company has an accounts receivable balance of

Question

Question - The LNMOP company has an Accounts Receivable balance of $200,000.  The Allowance for Doubtful Accounts has a balance of $2000.

Given the following aging schedule - journalize the adjusting entry for doubtful accounts.

1-30             31-60           61-90          over 90

135,000        50,000         10,000         5,000

1%               4%              10%            50%