b. Journalize the write-offs and the year-end adjusting entry under the allowance method, assuming that the allowance account had a beginning balance of $89,000 and the company uses the analysis of receivables method. If an amount box does not require an entry, leave a blank Allowance for Doubtful Accounts 103. X Accounts Receivable-Kim Abel Accounting umeric field Accounts Receivable-Lee Drake Accounts Receivable-Jenny Green Accounts Receivable-Mike Lamb Bad Debt Expense 103.100 x Allowance for Doubtful Accounts 121.750X 121.750 x Feedba Customer unty December 31: Amount Kim Abel Lee Drake $24,300 31,195 Jenny Green Mike Lamb 29,715 Total 17,890 $103,100 The company prepared the following aging schedule for its accounts receivable on December 31: Aging Class (Number of Days Past Due) Receivables Balance on December 31 Estimated Percent of Uncollectible Accounts 1 % $735,000 290,000 2 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days 111,000 15 30 70,000 94,000 60 Total receivables $1,300,000