Boulder View Corporation accounts for uncollectible accounts receivable using the allowance method.

As of December 31, 1999, the credit balance in Allowance for Bad Debts was $\$ 130,000$. During 2000, credit sales totaled $\$ 10,000,000, \$ 90,000$ of accounts receivable were written off as uncollectible, and recoveries of accounts previously written off amounted to $\$ 15,000$. An aging of accounts receivable at December 31, 2000, showed the following:

1. Prepare the journal entry to record bad debt expense for 2000 , assuming bad debts are estimated using the aging of receivables method.
2. Record journal entries to account for the actual write-off of $\$ 90,000$ uncollectible accounts receivable, and the collection of $\$ 15,000$ in receivables that had previously been written off.

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Classification of Receivable Current.. 1-30 days past due.. Accounts Receivable Balance as of December 31, 2000 Percentage Estimated Uncollectible $1,140,000 N 2% 600,000 10 31-60 days past due. 400,000 23 Over 60 days past due. 120,000 75 $2,260,000