PLEAS ASSIST WITH THE FOLLOWING

Mary.com uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at yearend. Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 0- so 31-60 61-90 91- 120 Over 120 Accounts receivable $408000 $246000 $90,000 $42,000 $17,000 5 13000 1 1% % uncollectible 1% 4% 5% 8% Estimated bad debts $ $ $ $ 5 Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectibie accounts receivable determined above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $3,700 debit. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Of the above accounts. $5,500 is determined to be specically uncollectible. Prepare the journal entry to write off the uncollectible account. (List debit entry before credit entry If no entry is required. select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit The company collects $5,500 subsequently on a specic account that had previously been determined to be uncollectible in pa rt (c). Prepare the journal entries necessary to (1) restore the accou nt and (2) re cord the cash collection. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. lf no entry is required. select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit