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*Problem 8-4A Ararhla Dr.ss the allowant method to estimate una lectiulents receivable. The company produd The following aging of the counts receivable at year-end. Calculate
*Problem 8-4A Ararhla Dr.ss the allowant method to estimate una lectiulents receivable. The company produd The following aging of the counts receivable at year-end. Calculate the total estimated bad debts hased on the below information Number of Days Outstanding Total D-30 31-60 61-90 91-120 Over 120 Accounts receivable 227,100 84,200 49,900 43,000 28,200 $ $21,800 urcollectible 29 59 214 Estimated bsd ceboss $ $ $ $ b) Prepare the year-crd adjusting journal entry record the bad debts using the agec uncollect ble accounts reocvatic determined in (a). Assume the current balance in Alowance for Doubtful Accounts an $8,400 dcbit. () or the above accounts, $5,100 is determined to be specifically unrellectible. Prepare the journal entry lo write of the uncollectible account a) The company callocts $5,100 subacquently on a specific account that had previously been dete mined to be unccllcctitle Inic). Prepare the JOLITS entry) necessary to restore te account and record the cash colection. (Credit account titles are automatically inderted when amount is entered. Do not indent manually.) No Account Tities and Explanation Debit Credit (b) (c) (To reverse write-o/) (To record collection of write-off.)
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