Teal Mountain Inc. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Your answer is correct. Calculate the total estimated bad debts based on the information below. Total 0-30 31-60 Accounts receivable $478,000 $325,000 $85,000 % uncollectible 1% 4% Estimated bad debts $ 11310 $ 3250 $ 3400 Calculate the total estimated bad debts based on the information below. 31-60 Number of Days Outstanding 61-90 $39,000 91-120 Over 120 $85,000 $16,000 $13,000 4% 5% 8% 11% 3400 $ 1950 $ 1280 $ 1430 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 $4,000 debit. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense 15,310 Allowance for Doubtful Accounts 15,310 Of the above accounts, $5,000 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