A partially completed aging of receivables schedule for Torme Designs is shown below

A partially completed aging of receivables schedule for Torme Designs is shown below. 

Est. Uncollectible Accts. 
Age Interval:
 Not past due 
1-30 days past due 
31-60 days past due 
61-90 days past due 
91-180 days past due 
181-365 days past due 
Over 365 days past due 

Balance:
 $850,000 
47,500 
21,750 
11,250 
5,060 
2,500 
1,140  
Total $939,200 

Percentage :
 3.50% 
5.00% 
10.00% 
20.00% 
30.00% 
50.00% 
95.00% 

Required: 
a) Determine the amount estimated to be uncollectible by completing the aging of receivables schedule.
b) If the Allowance for Doubtful Accounts has a credit balance of $1,135, record the adjusting entry for the bad debt expense for the year.