Whispering Winds Corp. 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. Number Total 0-30 31-60 Accounts receivable $476,800 $242,000 $110,700 % uncollectible 1% 4% Estimated bad debts $ $ $ $ eTextbook and Media List of Accounts (b) (c) 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 $3,600 debit Of the above accounts, $4,700 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. The company collects $4,700 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entry(ies) necessary to restore the account and record the cash collection. (d) Calculate the total estimated bad debts based on the below information. Number of Days Outstanding 31-60 61-90 91-120 Over 120 $110,700 $53,300 $38,600 $32,200 4% 5% 8% 10% $ $ (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit (b) (c) (d) d) UN (To reverse write-off.) (To record collection of write-off.) On December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $ 1,200, Novak Corp. estimates that 9% of its accounts receivable balance of $ 80,000 will become uncollectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2022, Novak Corp. determined that B. Jared's account was uncollectible and wrote off$ 1,300. On June 12, 2022, Jared paid the amount previously written off. Prepare the journal entries on December 31, 2021, May 11, 2022, and June 12, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec 31, 2021 May 11, 2022 June 12, 2022 (To reverse write-off) (To record collection of write-off)