3 of 5 < > View Policies Current Attempt in Progress -/1 1 Nash Inc. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at year-end Calculate the total estimated uncollectibles based on the below information Numb Total 0-30 31-60 Accounts receivable $181.000 $70.000 $40,000 % uncollectible 1% 4% Estimated Bad debts $ eTextbook and Media List of Accounts View Policies Current Attempt in Progress Nash Inc. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at year-end Calculate the total estimated uncollectibles based on the below information 31-60 $40,000 Number of Days Outstanding 61-90 91-120 Over 120 $35.000 $21.000 $15.000 4% 5%6 8% 20% eTextbook and Media List of Accounts Question 3 of 5 < > -/1 1 2 9 Prepare the year-end adjunting journal entry to record the Bad Debt Expense using the aged uncollectible accounts receivable determine in (a). Assume the unadjusted balance in Allowance for Doubtful Accounts is a $7.500 debit Of the above accounts, $4,500 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. The company collects $4,500 subsequently on a specific account that had previously been determined to be uncollectible in ic). Prepare the journal entries necessary to restore the account and record the cash collection Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation 2 Debit Credit B 9 Question 3 of 5 d -/1 # 1 (To reverse write-off) (To record collection of write off) eTextbook and Media List of Accounts