Problem 8-1A (Part Level Submission) Pearl Industries uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Your answer is correct. Calculate the total estimated bad debts on the below information. Number of Days Outstandi Total 0-30 $246,000 31 60 84,000 61-90 91-120 Over 120 Accounts Receivable $409,000 $43,000 $23,000 $13,000 196 4%% 5% 8% 11% Estimated bad debts 11240 2460 3360 2150 1840 1430 Click if you would like to Show Work for this question: Open Show Work LIST OF ACCOUNTS LINK TO EXT VIDEOI SIMILAR PROBLEM Attempts: 4 of 15 used Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $3,900 debit. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 15 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above