UNCOLLECTIBLE ACCOUNT EXPENSE: AGING METHOD. Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year: lol

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ACCOUNTS RECEIVABLE AGE PROPORTION AMOUNT EXPECTED TO DEFAULT ALLOWANCE REQUIRED Current $310,500 .004 $1,242 1-30 days past due 47,500 .02 950 31-45 days past due 25,000 .08 2,000 46-90 days past due 12,800 .20 2,560 91-135 days past due 6,100 .25 1,525 Over 135 days past due 4,200 .60 2,520 $10,797 The balance in Glencoe's allowance for uncollectible accounts at the beginning of the year was $9,620 (credit). During the year, accounts in the total amount of $51,232 were written off. REQUIRED: 1. Determine uncollectible account expense. 2. Prepare the journal entry to record uncollectible account expense.