gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK Problem 8-4A Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year end. Calculate the total estimated bad debts based on the below Information. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Accounts receivable 200,000 77,000 46,000 39,000 23,000 % uncollectible 1% 4% 5% 8% Estimated bad debts s Over 120 $15,000 20% NEXT CALCULATOR FULL SCREEN PRINTER VERSION BACK (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (). Assume the current balance in Allowance for Doubtful Accounts is an $8,000 debit. (c) of the above accounts, $5,000 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. (d) The company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal antes necessary to restore the account and 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 (b) (d) (To reverse write-off.) (To record collection of write-off.) A 336 PM 4/26/2020 search