Adventure Company uses the aging of accounts receivable method to estimate Bad Debt Expense. The balance of each account receivable is aged on the basis of three categories as follows: (1) 1-30 days old (2) 30-90 days old, and (3) more than 90 days old. Based on experience, management has estimated what portion of receivables of a specific age will not be paid as follows: (1) 1%, (2) 13%, and (3) 39%, respectively. At December 31, 2016, the unadjusted credit balance in the Allowance for Doubtful Accounts was $230. The total Accounts Receivable in each age category were: (1) 1-30 days old, $67.000. (2) 30-90 days old, $16,000, and (3) more than 90 days old, $5,000. Required a. Calculate the estimate of uncollectible accounts at December 31, 2016. b. Prepare the appropriate adjusting entry dated December 31. 2016. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry on December 31, 2016. Note: Enter debits before credits Date General Journal Debit Credit December 31. 2016