Aging accounts receivable. Dove Company's accounts receivable show the following balances by age:

The credit balance in the Allowance for Uncollectible Accounts is now \(\$ 17,200\).
Dove Company's independent auditors suggest that the following percentages be used to compute the estimates of amounts that will eventually prove uncollectible: \(0-30\) days, 0.5 of 1.0 percent; 31-60 days, 1.0 percent; 61-120 days, 10 percent; and more than 120 days, 70 percent. Prepare a journal entry that will carry out the auditors' suggestion.

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Age of Accounts 0-30 Days 31-60 Days 61-120 Days More than 120 Days Balance Receivable $400,000 90,000 40,000 20,000