ABC Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due 31 to 60 Account receivable Percentage uncollectible Total 0 $570,000 $396,000 1 to 30 $90,000 1% 2% Required: $36,000 5% 61-90 $18,000. Over 90 $30,000 7% 10% 1. Estimate the balance of the Allowance for uncollectible accounts using the aging of accounts receivable method. 2. Prepare the adjusting journal entry to record bad debt expense using the estimate from requirement 1 above. Assume that the unadjusted balance in the Allowance for uncollectable accounts is a $3,600 credit. 3. Prepare the journal entry that the company would need to make to write off $500 of receivables deemed uncollectible by a customer