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Problem 8-01A a-d Flint Corporation uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at

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Problem 8-01A a-d Flint Corporation uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the information below. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Accounts receivable $537,000 $376,000 $85,000 $48.000 $18,000 Over 120 $10,000 Huncollectible Estimated bad debts SHOW LIST OF ACCOUNTS LINK TO VIDEO LINK TO TEXT Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $3,700 debit. Credit account titles are automatically indented when amount is entered Do not Indent manually.) Account Titles and Explanation Debit Credit Study SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO of the above accounts, $5,200 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. (Credit account titles are automatically indented when amount entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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