UNCOLLECTIBLE ACCOUNT EXPENSE: AGING METHOD. Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayce’s accounts receivable:

Cindy indicates that the $126,700 of accounts receivable identified in the table does not include $8,900 of receivables that should be written off.
REQUIRED:
1. Journalize the $8,900 write-off.
2. What is the desired postadjustment balance in allowance for uncollectible accounts?
3. If the balance in allowance for uncollectible accounts before the $8,900 write-off was a debit of $450, compute uncollectible account expense.  lol

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ACCOUNTS RECEIVABLE CATEGORY 0-20 days 21-40 days AMOUNT $ 88,200 PROPORTION EXPECTED TO DEFAULT 858 .02 21,500 .08 41-60 days Over 60 days 11,700 .15 5,300 .30 $126,700