Carla Vista CO. Uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year end.

Problem 8-014 a-d Carla Vista Co. 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, Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 Accounts receivable $552,000 $390,000 $93,000 $42,000 $16,000 $11,000 uncollectible 1% 4% 5% 7% 1 1% Estimated bad debts $ $ $ $ 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 $4,000 debit. ( Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit CreditOf the above accounts, $4,600 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. ( Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit The company collects $4,600 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. ) No. Account Titles and Explanation Debit Credit 2