Balance sheet approach Sprintay Limited uses the balance sheet approach to account for its bad debts expense and allowance for doubtful debts. Past experience indicates the following percentages of...

Balance sheet approach Sprintay Limited uses the balance sheet approach to account for its bad debts expense and allowance for doubtful debts. Past experience indicates the following percentages of accounts receivable that have been written off as bad. Age category Percentage Not yet due 1 1–30 days 3 31–60 days 15 61–90 days 35 Over 91 days overdue 60 As at 30 June 2019, the ageing of accounts receivable revealed the following: Not yet due $85 000 1–30 days $25 000 31–60 days $ 9 000 61–90 days $ 5 000 Over 91 days overdue $ 2 000 At present the allowance for doubtful debts ledger account is as follows: Date Details Debit Credit Balance 1 July 2018 Opening balance 4 100 CR 15 September 2018 Accounts receivable 1 800 2 300 CR 27 November 2018 Accounts receivable 900 1 400 CR 15 March 2019 Accounts receivable 1 200 200 CR 19 June 2019 Accounts receivable 500 300 DR Prepare the necessary journal entry or entries to record bad debts expense for the year ended 30 June 2019. Show all workings.