P9.4 (LO 2), AP Writing Rigney Inc. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at year-end Worksheet Data Review View Home Insert Page Layout Formulas P18 B VWN 2 3 4 5 6 7 D E G Number of Days Outstanding 31-60 61-90 91-120 Over 120 46,000 39,000 23,000 15,000 4% 5% 8% 20% Total Accounts receivable 200,000 % uncollectible Estimated bad debts 0-30 77,000 1% Instructions a. Calculate the total estimated uncollectibles based on the above information. a. Tot. est. bad debts $9,400 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 $8,000 debit. c. Of the above accounts, $5,000 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. d. The company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entry or entries necessary to restore the account and record the cash collection. e. Comment on how your answers to (a)-(d) would change if Rigney Inc. used 4% of total accounts receivable, rather than aging the accounts receivable. What are the advantages to the company of aging the accounts receivable rather than applying a percentage to total accounts receivable? Journalize entries to record transactions related to bad debts. han 21 2022 tha trinh lan ca of Dahy Company a