PROBLEMS: SETA P8-1A Rianna com uses the allowance method of accounting for bad debts. The company Joumalize transactions related produced the following aging of the accounts receivable at yearend. Mo bad debrs. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 over 120 Accounts receivable $377,000 $222,000 $90,000 38.000 $15,000 $12.000 uncollectible Estimated bad debts Instructions (a) Calculate the total estimated bad debts based on the above information. (a) Tot. est. (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged bad debts 510, 120 uncollectible accounts receivable determined in (a), Assume the unadjusted balance in Allowance for Doubtful Accounts is a S4.000 debit