Problem 8-5A Oriole Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $4,000 The company produced the following infonmation from aging its accounts receivable at year end. Complete the aging schedule and calculate the total estimated uncollectible accounts. (Round answers to 0 decimal places, e.g. 5,275.) Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Accounts receivable Estimated % uncollectible Estimated uncollectible $320,000 3% $170,000 6% $130,000 10% $50,000 30% 5670,000 accounts Record the bad debt adjusting entry using the information determined in part (a). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit