A partially completed aging of receivables schedule for Torme Designs follows: a. Determine the amount estimated to be uncollectible by completing the aging of receivables schedule. Round calculations to the nearest dollar. Age Interval Estimate of Uncollectible Estimate of Uncollectible Accounts Amount Balance Accounts Percentage Not past due $850,000 3.50% 1-30 days past due 47,500 5.00% 31-60 days past due 21,750 10.00% 61-90 days past due 11,250 20.00% 91-180 days past due 5,060 30.00% 181-365 days past due 2,500 50.00% Over 365 days past due Total 1,140 95.00% $939,200 b. If Allowance for Doubtful Accounts has a credit balance of $1,135, journalize the adjusting entry for the bad debt expense for the year. If an amount box does not require an entry, leave it blank. Date Dec. 31 Account Debit Credit