Question 1 Kokara Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts experise monthly. The following selected information is from Kokorrio's partial aging schedule at the end of July: Estimated Percentage Uncollectible 2% Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Total Accounts Recelvable $778,000 352,000 124,000 79.000 $1,343,000 129 The unadjusted balance in Allowance for Doubtful Accounts is a credit or $13,490. (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information, Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts S778,000 0-30 days 2% 15560 31-60 days 362,000 21720 61-90 days 124,000 14880 12% 21% Over 90 days 79,000 16590 Total $1,343,000 69250 SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 1 of 1 used (d) Kokomo subsequently collected $8,670 of the $41,170 that was determined to be uncollectible above. Prepare the journal entry(ies) to record the collection. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit (To reverse write off of account receivable.) (To reverse collection of account receivable.) Attempts: 0 of 1 used SUBMIT