2017:Prior to any adjustment for bad debts, ABC Company had an allowance for doubtful accounts with a balance of $5,000 (credit) and an accounts receivable balance of $150,000 (debit).The company uses the allowance method to account for uncollectible accounts.The company's 12/31/17 accounts receivable aging is displayed below:

Amount due from customers

Percent expected to be uncollectible

0-30 days

$80,000

3%

31-60 days

$40,000

6%

61-90 days

$25,000

8%

91 + days

$5,000

10%

2018:Early in the year, ABC Company determined $10,000 of accounts needed to be written off.Later in the year, one of the accounts written off, in the amount of $1,000, was subsequently recovered.The accounts receivable aging as of 12/31/18 is displayed below:

Amount due from customers

Percent expected to be uncollectible

0-30 days

$100,000

2%

31-60 days

$55,000

6%

61-90 days

$15,000

9%

91 + days

$10,000

12%

Determine the bad debt expense (i.e. uncollectible accounts expense) to be reported by ABC at 12/31/17.

Provide the journal entry to record the write-off of the $10,000 of accounts in 2018.

Provide the journal entry to record the subsequent collection of $1,000 in 2018.

Determine the balance in the allowance for doubtful accounts after adjustment for bad debts in 2018.

Provide the adjusting journal entry required at 12/31/18.