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Flint Corporation uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Calculate the

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Flint Corporation 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 31-60 Number of Days Outstanding 61-90 $48,000 Accounts receivable $537.000 $376,000 $85,000 % uncollectible Estimated bad debts $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer @ @ @ (b 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 $3.700 debit. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit SWVPO8_01 Part 3 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer of the above accounts, $5.200 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 e Textbook and Media List of Accounts Save for Later Attempts of 15 used Submit Answer The company collects $5,200 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 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer Number of Dans Outstanding 91-120 Over 120 Accounts receivable $537.000 SOS. DOO $4.000 18.000 $10.000 Kunctie Eimated bad debts $ Textbook and Media

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