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(a) Your answer is correct. Calculate the total estimated bad debts based on the information below. N Total 0-30 31-60 Accounts receivable $519,000 $353,000 $88,000 % uncollectible 1% 4% Estimated bad debts $ 12,300 VA 3530 $ 3520 $ Calculate the total estimated bad debts based on the information below. Number of Days Outstanding 31-60 61-90 91-120 Over 120 $88,000 $44,000 $23,000 $11,000 4% 5% 8% 11% $ 3520 $ 2200 $ 1840 (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $3,900 debit (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense Allowance for Doubtful Accounts