Aging b\ ase accounts receivable. Dove Companj "s accounts receivable stum the following balances Age of Accounts Balance Receivable 0-30 Days $1,200,000 0-30 Days $400,000 31-60 Days 90,000 61-120 Days 40,000 More than 120 Days 20,000 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, half 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 earn out the auditors* suggestion.