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Vaughn Publishers, uses the allowance method to estimate uncollectible accounts recelvable. The company produced the following aging of the accounts recelvable at year-end (f in

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Vaughn Publishers, uses the allowance method to estimate uncollectible accounts recelvable. The company produced the following aging of the accounts recelvable at year-end (f in thousands). Calculate the total estimated bad debts based on the belowinformation. (b) Prepare the year-end adjusting joumal entry to record the bad debts using the aged uncollectible ascotints receivable determined in {} Assume the current balance in Allowance for Doubtiul Accounts is a v8. 500 debit: (c) Of the above accounts, 44,700 is determined to be specifcally uncollectiale: Prepare the journal entry to write off the uncollectible account. (d) The compuery collects \&4, 700 subsequently on a specife account that had previoudy beendetermined to be uncollectible in (c). Vaughn Publishers, uses the allowance method to estimate uncollectible accounts recelvable. The compary produced the following aging of the accounts recelvable at year end (F in thousands). Calculate the total estimated bad debts based on the belowinformation. (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts recelvable determined in (a), Assume the current balance in Allowance for Doubtful Accounts is a Y8 500 debit. (c) Of the above accounts, 4,700 is determined to be specifically uncoliectible. Prepare the journal entry to write off the uncollectible account. (d) The company collects Y4, 700 subsequently on a specific account that had previously been determined to be uncollectible in (c). [b] Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible atcounts receivabie determined in (a), Assume the current balance in Allowance for Doubtful Accounts is a Y8, 500 debit, (c) Of the above accounts, Y4,700 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. (d) The compary collects Y4, 700 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entries necessary to restore the account and record the cash collection. (Credit occount tities are automatically indented when amount is entered. Do rot indent manualiy)

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