(d) Clinton subsequently collected $8,540 of the $47,490 that was determined to be uncollectible above. Prepare the journal entry(ies) to record the collection. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) Account Titles and Explanation (To reverse write off of account receivable.) (To reverse collection of account receivable.) Debit Credit Clinton Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Clinton's partial aging schedule at the end of July: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible 0-30 days $715,000 2% 31-60 days 319,000 6% 61-90 days 106,000 13% Over 90 days 74,000 23% Total $1,214,000 The unadjusted balance in Allowance for Doubtful Accounts is a credit of $13.530. Number of Days Accounts Estimated Percentage Outstanding Receivable Uncollectible $715,000 0-30 days 2% 319,000 31-60 days 6% 106,000 61-90 days 13% 74,000 23% Over 90 days Total $1,214,000 Estimated Uncollectible Accounts S 14300 19140 13780 17020 64240 Test-2 Question 1 of 4 20 Your answer has been saved. See score details after the due date. Prepare the adjusting journal entry to record the bad debts using the information determined above. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts) Account Titles and Explanation Allow for DoubtfulAccount Debit Credit 1214000 Accounts Receivable 1149760 Would your journal entry be different if the unadjusted balance in Allowance for Doubtful Accounts were a debit of $13.530? the bad debts expense would be S 13530 Attempts: 1 of 1 used 41:05 Question Part Score (c) 0/5 Your answer has been saved. See score details after the due date. In August, management determined that $47,490 of the outstanding receivables were specifically uncollectible. Prepare the journal entry to write off the uncollectible amount. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Allowance for Doub Debit Credit 47490 REGINE Accus eonate Question Part Scor D 47490 Attempts: 1 of 1 used 0/5