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Question HO Publishers uses the allowance method to estimate uncollectible accounts recievable. The company produced the following aging of the accounts recievable at year - end ($ in thousands) Total 0-30 31-60 61-90 91-120 over 120 Account Recievables | 200,000 77,000 46,000 39,000 23,000 15,000 % uncollectible 16 46 5% 8 20% Estimated bad debts Instructions Question 1 Total est. bad debts $4,900 Calculate the total estimated bad debts Question 1 based on the above information Prepare the year end adjustin journal to record bad debts using the aged uncollectible accounts recievable Question 2 determined in (A) assume the current balance in allowance for doubtful accounts is $8,000 of the above accounts, $5,000 is determined to be specifically uncollectibe, Question 3 prepare the journal entry to write off the uncollectible accounts The company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in @ Question 4 prepare the journal entries necessary to restore the account and record the cash collection comment on how your answers from A to D would change if HO used 4% of total accounts receivable rather than aging the accounts receivable. What are the Question 5 advantages to the company of aging the account receivable rather than applying in a percentage to total accounts receivable