Following are the monthly credit sales, collections and bad debt write-offs for Clarion Distributing, Inc. for its second quarter ending July 31, 2018. Month May June July CollectionsWrite-Offs 1,000 Sales S 87,500 S 95,000 81,000 95,000 05,000 S 290,500 S 281,000 108,000 3,500 Total Clarion's controller prepared the following aging of accounts receivable as of July 31, 2018: Account Classification Current 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Balance $50,000 37,000 18,000 1,000 5,000 Percent Uncollectable 1% 5% 10% 20% 50% The allowance for doubtful accounts balance on April 30, 2018 was $8,950. Payments for credit sales are due 30 days from the date of sale. uired: Clarion uses the accounts receivable aging, and an analysis of specific overdue accounts to determine the allowance for doubtful accounts. The over 90 days past due category includes a $3,000 receivable from a customer undergoing liquidation. Clarion estimates that it will collect only 10% of the balance due. 1. Prepare any adjusting journal entries