Problem 8-01A a-d Pharoah Company 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 $392,000 $235,000 $89,000 $36,000 $21,000 Over 120 $11,000 % uncollectible 1% 4% 5% 8% 11% Estimated bad debts $ $ $ $ s 5 SHOW LIST OF ACCOUNTS 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 $4,000 debit. (Credit account titles are automatically indented when amount entered. Do not indent manually) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS of the above accounts, 54,800 is determined to be specifically uncollectible. Prepare the journal entry to wnte off the uncollectible account. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit The company collects $4,800 subsequently on a specific account that had previously been determined to be uncollectible in part (e). Prepare the journal entries necessary to (1) restore the account and (2) record the cash collection. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. I Click if you would like to Show Work for this question: Open Show Work