Pokorny Company uses the accounts receivable ageing method to estimate uncollectible accounts.

LO 4 Accounts Receivable Ageing The Accounts Receivable controlling account had a debit balance of 88,430 and Allowance for Method Uncollectible Accounts had a credit balance of 7,200 at the beginning of the year. During the year, the company had sales on account of 473,000 , sales returns and allowances of 4,200 , worthless accounts written off of 7,900 , and collections from customers of 450,730 . At the end of the year (December 31), a junior accountant for the company was preparing an ageing analysis of accounts receivable. At the top of page 6 of the report, the following totals appeared:

The company has found that the following rates are realistic to estimate uncollectible accounts:

REQUIRED 1. Complete the ageing analysis of accounts receivable.
2. Determine the end-of-year balances (before adjustments) of the Accounts Receivable controlling account and Allowance for Uncollectible Accounts.
3. Prepare an analysis calculating the estimated uncollectible accounts.
4. Prepare a general journal entry to record the estimated uncollectible accounts expense for the year. (Round adjustment to the nearest unit.)

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1-30 31-60 61-90 Customer Account Not Yet Days Days Total Due Past Due Past Due Days Past Due Over 90 Days Past Due Balance Forward 89,640 49,030 24,110 9,210 3,990 3,300 The following accounts remained to finish the analysis: Account Amount K. Foust 930 K. Groth 620 R. Mejias 1,955 C. Polk 2,100 M. Spears 375 J. Yong 2,685 A. Zorr 295 8,960 Due Date Jan. 14 (next year) Dec. 24 Sept. 28 Aug. 16 Dec. 14 Jan. 23 (next year) Nov. 5