11. You're the accountant in charge of the collection of receivables for the Dunstone Company. An analysis of the year-end receivables shows the following: Estimated Amount in Percentage Time Interval Age Group Uncollectible Not yet due $18,000 3% 1-30 days past due 21,000 5% 31-60 days past due 8,000 10% 61-90 days past due 3,000 20% Over 90 days past due 2,500 40% $52,500 You're to prepare an entry to adjust the Allowance for Doubtful Accounts to the proper balance using the aging of accounts receivable method. The credit balance in the Allowance for Doubtful Accounts account before adjustment is $500. The correct journal entry is A. Uncollectible Accounts Expense 4,490 Allowance for Doubtful Accounts 4,490 B. Uncollectible Accounts Expense 4,240 Allowance for Doubtful Accounts 4,240 C. Uncollectible Accounts Expense 3,990 Allowance for Doubtful Accounts 3,990 D. Uncollectible Accounts Expense 3,490 Allowance for Doubtful Accounts 3,490