CALCULATOR PRINTER VERSION BALK Problem B-1A Sarasota Corp. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable Calculate the total estimated bad debts on the below information Number of Days Outstanding Total 0-3031-60 61-90 91-120 Over 120 Accounts Receivable $388,000 $234,000 $82,000 $39,000 $21,000 $12,000 We uncollectible Estimated bad debts EHXSLF ACCOUNTS Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $3,600 debit. (Credit account tities are automatically indented when amount is entered. Do not indent manually) Account Tities and Explanation Debit Credit he uncollectible account. (Credit accountries are automatically indented when EN B RF ACCOUNTS of the above accounts, $4,700 is determined to be specifically uncollectible. Prepare the journal entry to write of amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit