Business, 26.03.2020 21:00 seawu

Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 0–30 31–60 61–90 91–120 Over 120 Accounts receivable 244,400 86,400 53,400 48,300 32,000 $24,300 % uncollectible 1% 4% 5% 8% 20% Estimated bad debts $ $ $ $ $ $ LINK TO TEXT (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (a). Assume the current balance in Allowance for Doubtful Accounts is an $7,800 debit. (c) Of the above accounts, $4,700 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. (d) 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit (b) (c) (d) (To reverse write-off.) (To record collection of write-off.) Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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