Aging accounts receivable. Rorke Company's accounts receivable show the following balances:

Rorke Company has already made an adjusting entry based on the percentage-ofsales method for the period. The credit balance in the Allowance for Uncollectible Accounts is now \(\$ 36,000\). The Bad Debt Expense account has a balance of \(\$ 28,700\).
Analysis of recent collection experience suggests 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, 30 percent. Prepare the indicated adjusting entry.

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Age of Accounts 0-30 Days 31-60 Days 61-120 Days More than 120 Days Balance Receivable $700,000 225,000 90,000 50,000