Problem 8-4A Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 368,900 0-30 108,700 2% 31-60 78,700 5% 61-90 72,200 6% 91-120 58,200 9% Over 120 $51,100 21% Accounts receivable % uncollectible Estimated Bad debts s b Prepare the year-end adjusting ournal entry to record the bad debts using the aged uncollectible accounts receivable determined in a Assume the current balance in Allowance for Doubtful Accounts is a 7,600 debit. (c) Of the above accounts, $5,000 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollect ble account. (d) The co pany collects 55,000 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entry(ies) necessary to restore the account and record the cash collection (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Debit No Account Titles and Explanation Credit To reverse write-off) (To record collection of write off) Question Attempts: 0 of 5 used