Presented below is an aging schedule for Zillmann Company.

At December 31, 2008, the unadjusted balance in Allowance for Doubtful Accounts is a credit of \($12,000.\)

Instructions 

(a) Journalize and post the adjusting entry for bad debts at December 31, 2008.

(b) Journalize and post to the allowance account the following events and transactions in the year 2009. (1) On March 31, a \($1,000\) customer balance originating in 2008 is judged uncollectible. (2) On May 31, a check for \($1,000\) is received from the customer whose account was written off as uncollectible on March 31.

(c) Journalize the adjusting entry for bad debts on December 31, 2009, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of \($800\) and the aging schedule indicates that total estimated bad debts will be \($28,600.\)

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X File Edit View Insert Format Tools Data A B C D E 1 2 Window Help Number of Days Past Due F G Not 3 Customer Total Yet Due 1-30 31-60 61-90 Over 90 4 Arndt $ 22,000 $10,000 $12,000 5 Blair 40,000 $ 40,000 6 Chase 57,000 16,000 6,000 $35,000 7 Drea 34,000 $34,000 8 Others 132,000 96,000 9 $285,000 $152,000 16,000 $32,000 14,000 $26,000 6,000 $35,000 $40,000 Estimated 10 Percentage Uncollectible 3% 6% 13% 25% 60% Total Estimated 11 Bad Debts $ 42,610 $ 4.560 $1,920 $ 3,380 $ 8,750 $24,000 12 Worksheet.xis