Lave Company's accounts receivable show the following balances by ages:

The credit balance in the Allowance for Uncollectible Accounts is now \(\$ 5,075\).
Lave 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, . 5 of 1 percent; 31-60 days, 1 percent; 61-120 days, 10 percent; more than 120 days, 60 percent. Prepare a journal entry that will carry out the auditor's suggestion.

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Age of Accounts 0-30 days 31-60 days 61-120 days More than 120 days Balance Receivable $200,000 75,000 30,000 15,000