A partially completed aging of receivables schedule for Lindy Designs is shown below.
(a) Determine the amount estimated to be uncollectible by completing the aging of receivables schedule. Round calculations to the nearest dollar. 
(b) If the Allowance for Doubtful Accounts has a credit balance of $9,700, record the adjusting entry for the bad debt expense for the year.
(c) If the Allowance for Doubtful Accounts has a debit balance of $9,700, record the adjusting entry for the bad debt expense for the year.
Definitions:
Face Value
The nominal or dollar value printed on a bond or stock, representing the amount due at maturity for a bond or the value assigned to a stock share at issue.
Effective Interest Rate Method
The effective interest rate method is a technique for calculating the actual interest rate for a loan or financial product over time, considering the effects of compounding.
Interest Expense
The cost incurred by an entity for borrowed funds, often reflected in the payment of interest on loans or debt.
Carrying Value
The value of an asset as shown on a company's balance sheet, accounting for depreciation, amortization, and impairment, also known as the book value.
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