The December 31, 20X4, balance sheet of Brazos Rubber Products reports the following Accounts Receivable Allowance for Doubtful Accounts (CR balance) $141,000 3,200 At the end of each quarter, Brazos estimates doubtful accounts expense to be 1 ,S% of credit sales. At the end of the year, the company ages its accounts receivable and adjusts the balance in Allowance for Doubtful Accounts to correspond to the aging schedule. During 20X5 Brazos completes the following selected transactions: Jan. 16 Wrote off as uncollectible the $403 account receivable from DePaul, Inc., and the $1,719 account receivable from Frank Shoes Company Mar. 31 Recorded doubtful account expense based on credit sales of $100,000. Apr. 15 Received $300 from Frank Shoe Company after prolonged negotiations with Frank Shoe Company's attomey. Brazos has no hope of collecting the remainder May 13 Wrote off as uncollectible the $2,980 account receivable from M. E. Cate. June 30 Recorded doubtful account expense based on credit sales of $114,000. Aug. 9 Made a compound entry to write off the following uncollectible accounts: Clifford, Inc., $235; Matz Co., $188; and Lew Norris, $1,006. Sept. 30 Recorded doubtful account expense based on credit sales of $130,000 Oct. 18 Wrote off as uncollectible the $767 account receivable from Bliss Co. and the $430 account receivable from Micro Data. Dec. 31 Recorded doubtful account expense based on the following summary of the aging of accounts receivable. Total Balance1-30 Days 31-60 Days 61-90 Days Over 90 Days Age of Accounts Receivable $127,400 $74,600 $31,100 $12,000 Estimated Uncollectible 0.1% $9,700 0,4% 5.096 30.096 Dec. 31 Made the closing entry for Doubtful Accounts Expense for the entire year