Problem 7.3A Aging Accounts Receivable; Write-offs L.O. 1,5 Super Star, a Hollywood publicity firm, uses the statement of financial position approach to estimate impairment loss of receivable. At year-end, an aging of the accounts receivable produced the following five groupings: a. Not yet due b. 1-30 days past due c. 31-60 days past due d. 61-90 days past due e. Over 90 days past due $500,000 210,000 80,000 15,000 30,000 Total $835,000 On the basis of past experience, the company estimated the percentages probably uncollectible for the above five age groups to be as follows: Group a, 1 percent, Group b, 3 percent; Group c, 10 percent; Group d. 20 percent, and Group e, 50 percent. The Allowance for Impairment before adjustment at December 31 showed a credit balance of $11,800. a. Compute the estimated amount of uncollectible accounts based on the above classification by age groups. (Omit the "$" sign in your response.) Estimated amount b. Prepare the adjusting entry needed to bring the Allowance for Impairment to the proper amount. (Omit the "S" sign in your response.) Debit Credit Dale Dec 31 General Journal (Click to select) (Click to select) C. Assume that on January 10 of the following year, Super Star learned that an account receivable that had originated on September 1 in the amount of $8,250 was worthless because of the bankruptcy of the client, April Showers. Prepare the journal entry required on January 10 to write of this account. (Omit the "$" sign in your response.) Debit Date Jan 10 Credit General Journal (Click to select) (Click to select)