Nash Inc. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated uncollectibles based on the below information. Accounts receivable % uncollectible Estimated Bad debts Total $181,000 tA $ 0-30 $70,000 1% $ 31-60 $40,000 4% Numb $

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Nash Inc uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at yeariend. (a) Calculate the total estimated uncollectibles based on the below information. Nash inc. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated uncollectibles based on the below 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 $7,500 debit. (c) Ot the above accounts, $4,500 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. (d) The company collects $4,500 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entries necessary to restore the account and record the cash collection. (Credit occount titles are automatically indented when amount is entered. Do not indent manually)