Blossom Company uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end.

Blossom Company uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. (a) Your answer is correct. Calculate the total estimated bad debts based on the below information Total 216,800 0-30 81,000 2% 31-60 50,000 Number of Days Outstanding 61-90 42,100 91-120 25,700 Accounts receivable % uncollectible Estimated bad debts $ Over 120 $18,000 21% 5% 6% 995 12739 C 2,500 $ 2,526 $ 2313 $ 3,780 e Textbook and Media List of Accounts Attemp (b) - (d) (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (a). Assume the current balance in Allowance for Doubtful Accounts is an $8,200 debit. (c) of the above accounts, $5,300 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. (d) The company collects $5,300 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entry(ies) necessary to restore the account and record the cash collection. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit (To reverse write-off.) (To record collection of write-off.)