ULUS balances classified by the length of time they have been unpaid. Problems: Set A PS.LA (LO 2), AP Rianna.com uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Journaline transactions related to bad debts. Total $377,000 Accounts receivable Suncollectible Estimated bad debts Number of Days Outstanding 0-30 3 1-60 61-90 91-120 $222,000 $90,000 $38,000 $15,000 1945 58 Over 120 $12.000 106 a. Totest. bad debts $10,120 Instructions a. Calculate the total estimated bad debts based on the above information. Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (a). Assume the unadjusted balance in Allowance for Doubtful Accounts is a $4.000 debit. c. or the above accounts, $5,000 is determined to be specifically uncollectible. Prepare the journal entry to write of the uncollectible account. d. The company collects $5,000 subsequently on a specific account that had previously been deter mined to be uncollectible in (C). Prepare the journal entry(les) necessary to restore the account and record the cash collection e. Comment on how your answers to (a)(d) would change if Rianna.com used 36 of total accounts receivable, rather than aging the accounts receivable. What are the advantages to the company of aging the accounts receivable rather than applying a percentage to total accounts receivable