(b) (c) (d) Prepare the year-end adjusting journal entry to record the Bad Debt Expense using...

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(b) (c) (d) Prepare the year-end adjusting journal entry to record the Bad Debt Expense using the aged uncollectible accounts receivable determined in (a). Assume the unadjusted balance in Allowance for Doubtful Accounts is a $8,500 debit. Of the above accounts, $4,900 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. The company collects $4,900 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entries 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) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation (b) (c) (d) (To reverse write-off.) (To record collection of write off.) Debit Credit Accounts receivable % uncollectible Numb Total 0-30 31-60 $352.500 $106,900 29 $74,400 5% Estimated Bad debts $ 24959 $ eTextbook and Media List of Accounts 2138 $ 3720 SU Attempts: 1 of 3 used Calculate the total estimated uncollectibles 31-60 $74,400 5% 3720 eTextbook and Media Number of Days Outstanding 61-90 $68,900 6% 4134 $ 91-120 Over 120 $54,300 9% 4887 $ $48,000 21% 10080 (b) (c) (d) Prepare the year-end adjusting journal entry to record the Bad Debt Expense using the aged uncollectible accounts receivable determined in (a). Assume the unadjusted balance in Allowance for Doubtful Accounts is a $8,500 debit. Of the above accounts, $4,900 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. The company collects $4,900 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entries 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) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation (b) (c) (d) (To reverse write-off.) (To record collection of write off.) Debit Credit Accounts receivable % uncollectible Numb Total 0-30 31-60 $352.500 $106,900 29 $74,400 5% Estimated Bad debts $ 24959 $ eTextbook and Media List of Accounts 2138 $ 3720 SU Attempts: 1 of 3 used Calculate the total estimated uncollectibles 31-60 $74,400 5% 3720 eTextbook and Media Number of Days Outstanding 61-90 $68,900 6% 4134 $ 91-120 Over 120 $54,300 9% 4887 $ $48,000 21% 10080