Limo.com had the following balances on December 31, 2010, before the year- end adjustments: Accounts Receivable 104,000

Limo.com had the following balances on December 31, 2010, before the year- end adjustments:

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Accounts Receivable 104,000 Allowance for Uncollectible Accounts 1,300 The aging of receivables yields these data: Age of Accounts 1-30 31-60 61-90 Over 90 Total Accounts Receivable Estimate Percentage Uncollectible. 1% Days Days Days Days $70,000 $20,000 $10,000 $4,000 2% Receivables $104,000 x5% x 50% Journalize Limo's entry to adjust the allowance account to its correct balance on December 31, 2010.