Oriole Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $4,000.

The company produced the following information from aging its accounts receivable at year end. Complete the aging schedule and calculate the total estimated uncollectible accounts.

a.)

				Number of Days Outstanding
		Total		030		3160		6190		91120
Accounts receivable		$670,000		$320,000		$170,000		$130,000		$50,000
Estimated % uncollectible				3%		6%		10%		30%
Estimated uncollectible accounts		$ 47800		$ 9600		$10200		$13000

1.) Record the bad debt adjusting entry using the information determined in part (a)