An aging analysis of Pukalani Limited's accounts receivable at December 31, 2018 and 2017, showed the following: Accounts Receivable Number of Days Estimated Outstanding 2018 2017 Percentage Uncollectible 0-30 days $302,600 $322,700 3% 31-60 days 64,600 113,800 6% 61-90 days 86,100 76,700 12% Over 90 days 128,700 49,600 24% Total $582,000 $562,800 Additional information: 1. At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $9,500. 2. In 2018, $41,600 of accounts were written off as uncollectible and $3,200 of accounts previously written off were recovered. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2017 and 2018. Note that the estimated percentages uncollectible are the same for both years. Total estimated allowance balance at Dec 31, 2017: Number of Days Accounts Estimated Estimated Outstanding Receivable Percentage Uncollectible Uncollectible Accounts 0-30 days $322,700 3% 31-60 days 113,800 6% 61-90 days 76,700 12% Over 90 days 49,600 24% Total $562,800 Estimated Uncollectible Accounts Total estimated allowance balance at Dec. 31, 2018: Number of Days Accounts Estimated Outstanding Receivable Percentage Uncollectible $ 0-30 days $302,600 3% 31-60 days 64,600 6% 61-90 days 86,100 12% 128,700 24% Over 90 days $ Total $582,000 Record the adjusting entry relating to bad debts on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Record the write off of uncollectible accounts in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation e Textbook and Media List of Accounts Record the collection of accounts previously written off in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To reverse write off of account receivable) (To record collections) eTextbook and Media List of Accounts Prepare the adjusting entry relating to bad debts on December 31, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Prepare the adjusting entry relating to bad debts on December 31, 2018. (Credit account titles are automatically indented when amount Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Calculate the carrying amount of Pukalani's accounts receivable at December 31, 2017 and 2018 2018 2017 $ Carrying amount e Textbook and Media List of Accounts
