9-03A a-c Presented below is an aging schedule for Concord Company. Number of Days Past Due Customer Anders Blake Coulson Total $ 24,900 38,600 58,500 Not Yet Due 1-30 31-60 $11,200 $13,700 61-90 Over 90 $ 38,600 16,800 5,800 $35,900 Deleon 33,300 Others 131,200 97,100 15,200 13,300 $33,300 5,600 $286,500 $152,500 $32,200 $27,000 $35,900 $38,900 Estimated Percentage Uncollectible 3% 5% 12% 27% 43% Total Estimated $ 35,845 $4,575 $ 1,610 $ 3,240 $ 9,693 $16,727 Bad Debts At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,000. Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do no indent manually.) Date Dec. 31 Account Titles Debit Credit Bad Debts Expense Date Explanation Ref. Debit Credit Balance Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Dec. 31 Balance Dec. 31 Adjusting SHOW LIST OF ACCOUNTS LINK TO TEXT Ref. Debit Credit Balance Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically inc 1. On March 31, a $1,200 customer balance originating in 2020 is judged uncollectible. 2. On May 31, a check for $1,200 is received from the customer whose account was written off as uncollectible on March 31. No. Date Account Titles and Explanation 1. Mar. 31 2. May 31 May 31 (To reverse write-off) (To record collection of write off.) Allowance for Doubtful Accounts Date Explanation Dec. 31, 2020 Balance Dec. 31, 2020 Mar. 31, 2021 May 31, 2021 Adjusting Debit Ref. Debit Credit Balance 13,000 22,845 35,845 Credit Journalize the adjusting entry for bad debts on December 31, 2021, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $880 and the aging schedule indicates that total estimated bad debts will be $32,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Dec. 31 Account Titles Debit Credit Click if you would like to Show Work for this question: Open Show Work