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On April 1, ABC has an Accounts Receivable balance of $190,000. During the month,...

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Accounting

On April 1, ABC has an Accounts Receivable balance of $190,000. During the month, credit sales total $210,000. As a result of collections efforts, the aging of Accounts Receivable is as follows for April 30:
Current $100,000(1% is estimated to be uncollectible)
0-30 Days Past Due $50,000(5% is estimated to be uncollectible)
31-60 Days Past Due $20,000(10% is estimated to be uncollectible)
31-90 Days Past Due $10,000(20% is estimated to be uncollectible)
>90 Days Past Due $20,000(50% is estimated to be uncollectible)
Balance in Allowance for Doubtful Accounts (prior to any April 30 entry) $5,000 Credit
If ABC is using the % of sales method of estimating its bad debts, what is the journal entry made at the end of the month if the estimated % of sales that are uncollectible is 4%?

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