Question 2 Oriole Company uses the allowance method of accounting for bad debts. The company produced the following aging f the accounts receivable at year-end Calculate the total estimated bad debts on the below information. Number of Days Outstand ing Over 31-60 61-90 91-120 120 Total 0-30 Accounts Receivable $502,000 $352,000 $83,000 $38,000 $18,000 $11,000 1% 11% % uncollectible 4% 5% % Estimated bad debts LINK TO T record the bad debts using the aged uncollectible accounts receivable determined in above. Assume the unadjusted balance in Allowance for Doubtful not indent manually.) Prepare the year-end adjusting journal entry a $3,61 debit. (Credit account titles are automatically indented when amount is entered. Accounts Account Titles and Explanation Debit Credit LINK TO TT Of the above accounts, $4,600 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit The company collects $4,600 subsequently on a specific account that had previously been determined to be uncollectible in part (c). Prepare the journal entry(ies) necessary to (1) restore the account and (2) record cash collection. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2