Problem 8-04A a-d (Video) Concord Corporation uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the below information. Total 352,600 Number of Days Outstanding 31-60 61-90 91-120 76,700 69,100 53,300 4% 5% 8% 0-30 107,300 1% Accounts receivable % uncollectible Estimated bad debts Over 120 $46,200 20% (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (a). Assume the current balance in Allowance for Doubtful Accounts is an $8,200 debit. (c) of the above accounts, $4,700 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account (d) The company collects $4,700 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entry(ies) necessary to restore the account and record the cash collection. No Account Titles and Explanation Debit Credit (b) (c) (d) (To reverse write-off.) (To record collection of write-off.)