CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT Problem 8-01A a-d Sweet-Acacia Industries uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end: Calculate the total estimated bad debts based on the information below. Total $416,000 Accounts receivable Number of Days Outstanding 31-60 61-90 91-120 $93,000 $47,000 $22,000 0-30 $241,000 Over 120 $13,000 % uncollectible 1% 4% 5% 11% Estimated bad debts SHOW LIST OF ACCOUNTS LINK TO VIDEO LINK TO TEXT Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $4,100 debit. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation SHOW LIST OF ACCOUNTS LINK TO VIDEO LINK TO TEKT CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT of the above accounts, $4,900 is determined to be specifically uncollectible. Prepare the journal entry to write of the uncollectible account. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO VIDEO LINK TO TEXT The company collects $4.900 subsequently on a specific account that had previously been determined to be uncollectible in part (c). Prepare the journal entries necessary to (1) restore the account and (2) record the cash collection. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation Open Show Work Click if you would like to Show Work for this question: SHOW LIST OF ACCOUNTS LINK TO VIDEO LINK TO TEXT