Richibucto Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Richibucto's partial aging schedule at the end of July:

The unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,360.
Instructions
(a) Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information.
(b) 1. Prepare the adjusting journal entry to record the bad debts using the information determined in part P8.4A (a).
2. Would your journal entry be different if the unadjusted balance in Allowance for Doubtful Accounts were a debit of $12,360?
(c) In August, management determined that $45,730 of the outstanding receivables were specifically uncollectible. Prepare the journal entry to write off the uncollectible amount.
(d) Richibucto subsequently collects $8,850 of the $45,730 that was determined to be uncollectible in part P8.4A(c). Prepare the journal entry(ies) to record the collection.

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Number of Days Accounts Receivable Estimated Percentage Uncollectible Outstanding o-30 days 31-60 days 61-90 days Over 90 days Total $ 780,00o 340,00o 115,000 76,000 $1,311,000o 2% 6% 12% 22%