P8-4A Richibucto Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Richibucto's partial aging schedule at the end of July Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Total Accounts Receivable S 780,000 340,000 115,000 76,000 1,311,000 Estimated Percentage Uncollectible 2% 6% 12% 22% The unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,360. Instructions (a) Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information. (b) 1. Prepare the adjusting journal entry to record the bad debts using the information determined in part (a) 2. Would your journal entry be different if the unadjusted balance in Allowance for Doubtful Accounts were a debit of 12,360? (c) In August, management determined that $45,730 of the outstanding receivables were specifically uncollectible. Prepare the journal entry to write off the uncollectible amount (d) Richibucto subsequently collected $8,850 of the S45,730 that was determined to be uncollectible in part (c). Prepare the journal entry(ies) to record the collection. 7:01 PM ENG 2019-03-25