Wilcox Mills is a manufacturer that makes all sales on 30-day credit terms. Annual sales are approximately $30 million. At the end of 2012, accounts receivable were presented in the company's statement of financial position as follows Accounts receivable from clients Less Allowance for Impairment $3,100,000 80,000 During 2013, $165,000 of specific accounts receivable were written off as uncollectible. Of these accounts written off, receivables totaling $15,000 were subsequently collected. At the end of 2013, an aging of accounts receivable indicated a need for a $90,000 allowance to cover possible failure to collect the accounts currently outstanding. Wilcox Mills makes adjusting entries for uncollectible accounts only at year-end 1. One entry to summarize all accounts written off against the Allowance for Impairment during 2013 2. Entries to record the $15,000 in accounts receivable that were subsequently collected. 3. The adjusting entry required at December 31, 2013, to increase the Allowance for Impairment to $90,000 a. Prepare the above general journal entries (Omit the "$" sign in your response); Date 2013 General Journal Var Allowance for Impairment Accounts receivable Var Accounts receivable Allowance for Impairment Var Cash Accounts receivable Dec 31 Impairment loss of receivable Interest receivable > > > > > > < < Debit Credit 165,000 165,000 15,000 15,000 15,000 15,000 150,000 150,000