Big Rock Brewery uses an aging of accounts receivable to estimate uncollectibles. For the 2014 year credit sales were $500,000. Accounts receivable had a balance of $48,250, while the allowance for doubtful accounts had a credit balance of $4,375. Complete the following schedule and prepare the journal entry to estimate uncollectibles. 0-30 Days 31-60 Days 61-90 Days Over 90 Total Days Amount of 18,000 12,000 10,250 8,000 48,250 Receivable Percent 1% 5% 20% 30% Uncollectible Amount Uncollectible 1. Calculate the amount of the Allowance for Doubtful Accounts