Journalize transactions related to bad debts. a. Tot. est. bad debts $9,400 P9.4 (LO 2), AP Writing Rigney Inc. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at year-end. Instructions a. Calculate the total estimated uncollectibles based on the above information. b. Prepare the year-end adjusting journal entry to record the Bad Debt Expense using the aged uncollectible accounts receivable determined in (a). Assume the unadjusted balance in Allowance for Doubtful Accounts is a $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 entry or entries necessary to restore the account and record the cash collection. e. Comment on how your answers to (a)-(d) would change if Rigney Inc. used 4% of total accounts receivable, rather than aging the accounts receivable. What are the advantages to the company of aging the accounts receivable rather than applying a percentage to total accounts receivable