Exercise 8-5 (Part Level Submission) Oriole Company has accounts receivable of $173,000 at September 30, 2017. An analysis of the accounts shows the following: Month of Sale September August July April, May, and Balance $122,033 25,627 14,357 10,983 June $173,000 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2017, is $2,110 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: Number of Days Outstanding 0-30 31-60 61-90 Over 90 Estimated % Uncollectible 2% 10% 25% 60% (a) Prepare an aging schedule to determine the total estimated uncollectible accounts at September 30, 2017. (Round answers to 0 decimal places, e.g. 5,275.) Amount % Estimated Uncollectible $122,033 2% Age of Accounts 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding Over 90 days outstanding 25,627 10% 14,357 25% 10,983 60% Exercise 8-5 Pharoah Company has accounts receivable of $193,000 at September 30, 2017. An analysis of the accounts shows the following: Month of Sale September August July April, May, and June Balance $136,141 28,589 16,017 12,253 $193,000 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2017, is $1,700 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: Number of Days Outstanding 0-30 31-60 61-90 Over 90 Estimated % Uncollectible 3% 10% 25% 60% Prepare an aging schedule to determine the total estimated uncollectible accounts at September 30, 2017. (Round answers to 0 decimal places, e.g. 5,275.) % Estimated Uncollectible Amount $136,141 3% Age of Accounts 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding Over 90 days outstanding 28,589 10% 16,017 25% 12,253 60%