Current Attempt in Progress Pearl Industries uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated bad debts based on the information below. Number Total $409,000 0-30 $246,000 31-60 $84,000 Accounts receivable 4% 1% % uncollectible Estimated bad debts $ eTextbook and Media List of Accounts TUNUwing aging of the acco Eulate the total estimated bad debts based on the information below. 31-60 $84,000 Number of Days Outstanding 61-90 $43,000 91-120 $23,000 Over 120 $13,000 4% . 5% 8% 11% $ $ $ e Textbook and Media List of Accounts (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $3,900 debit. (Credit acce titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SWV_PO8_01 Part_B e Textbook and Media List of Accounts Submit An Attempts: 0 of 15 used Save for Later Attempts: 0 of 15 used Submit Answer (c) Of the above accounts, $4,700 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Submit Answer Attempts: 0 of 15 used Save for Later (d) The company collects $4,700 subsequently on a specific account that had previously been determined to be uncollectible in part (c). Prepare the journal entries necessary to (1) restore the account and (2) 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 1. 2. e Textbook and Media List of Accounts Submt Answer Attempts: 0 of 15 used Save for Later