Bonita Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. DaysPast 1 to 30 31 to 60 61 to 90 Over 90 Total Current to 30 31 to 60 Accounts receivable $110,00 68,000 17,000 10,000 5% 8,000 8% 7,00 13% 1% 2% Percent uncollectibl a. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume c. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume receivable method. the unadjusted balance in the Allowance for Doubtful Accounts is a $550 credit. the unadjusted balance in the Allowance for Doubtful Accounts is a $300 debit