Thames, Inc. has given you the following information from its aging of Accounts Receivable. Using this information, determine the amount of the journal entry to record the estimated uncollectible accounts. 
The current balance in Allowance for Doubtful Accounts is a $160 credit.
Definitions:
Indirect Finance
Indirect finance occurs when borrowers and lenders exchange funds through an intermediary, usually a bank or financial institution, rather than directly between themselves.
Articles of Incorporation
A document that establishes a corporation's existence, filed with a government body in the country or state of incorporation.
Corporate Bylaws
Formal rules governing the management and operations of a corporation, established by the board of directors.
Intrinsic Value
The inherent worth of a company, stock, or other financial asset, determined through fundamental analysis without reference to its market value.
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