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Taymon Company has given you the following information from its aging of accounts receivable. Using this information, what is the journal entry to record the periodic adjustment for bad debts? Assume the amount in the allowance for doubtful accounts is $850 credit. Current $24,400 2% uncollectible 31-60 days 7,350 8% uncollectible 61-90 days 3,380 15% uncollectible 1,220 30% uncollectible 91 and up 1) 850 2) 588 3) 1,220 4) 507 5) 1,099