Ruth.com uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Your answer is correct. Calculate the total estimated bad debts based on the below information. Accounts receivable % uncollectible 4 Estimated bad debts $ Total $537,000 12280 $ 0-30 $376,000 1% 3760 $ LA 31-60 $85,000 4% 3400 Num $ A C

Of the above accounts, $5,200 is determined to be specifically uncollectible. Prepare the journalentry to write off the uncollectible account. flist debit entry before credit entry, If no entry is required, select "No Entry" for the account viles and enter O for the amounts. Credit occount titles are automatically indented when amount is entered. Do not indent manually) Ruthcom uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the below information. Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $3,700 debit. fist debit entry before credit entry. Credit account titles are dutomotically inderited when amount is entered. Do not indent manually if no entry is required, select "No Entry" for the occount titles and enter ofor the amounts) The company collects $5,200 subsequently on a specific account that had previously been determined to be uncollectible in part (c) Prepare the fournal entries necessary to (1) restore the account and (2) record the cash colfection. (List alf debit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts.)