Kingbird, Inc. 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 below information. Number Total 0-30 31-60 Accounts receivable $459,200 $240,700 $106,900 % uncollectible 1% 4% Estimated bad debts $ $ $ $ Calculate the total estimated bad debts based on the below information. Number of Days Outstanding 31-60 61-90 91-120 Over 120 $106,900 $49,400 $34,800 $27,400 4% 5% 8% 10% $ $ $ $ (b) (c) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (a). Assume the unadjusted balance in Allowance for Doubtful Accounts is a $3,500 debit. Of the above accounts, $4,500 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. The company collects $4,500 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entry(ies) necessary to restore the account and record the cash collection. (d) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit (b) (c) (d) (To reverse write-off.) (To record collection of write-off.)