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Assignment Gradebook ORION Downloadable eTextbook ent Problem 8-3A Presented below is an aging schedule for Martinez Corp.. Not Yet Due Number of Days Past Due

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Assignment Gradebook ORION Downloadable eTextbook ent Problem 8-3A Presented below is an aging schedule for Martinez Corp.. Not Yet Due Number of Days Past Due 1-30 31-60 61-90 Over 90 $ 9,300 $14,400 Customer Aneesh Bird Cope DeSpears Others Total $ 23,700 32,300 47,100 41,600 117,700 $262,400 $ 32,300 5,000 4,800 $37,300 $41,600 Estimated percentage uncollectible Total estimated bad debts 71,000 $108,300 3% $ 3,249 34,100 $48,200 7% $3,374 12,600 $27,000 11% $2,970 $37,300 24% $8,952 $41,600 63% $26,208 $ 44,753 At December 31, 2016, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,700. ment Journalize the adjusting entry for bad debts at December 31, 2016. (Credit account titles are automatically ind Account Titles and Explanation Debit Credit Post the adjusting entry for bad debts at December 31, 2016. Bad Debts Expense Allowance for Doubtful Accounts Assignment RCES 1. March 1, a $620 customer balance originating in 2016 is judged uncollectible. 2. May 1, a check for $620 is received from the customer whose account was written off as uncollectible on March 1 Date Account Titles and Explanation Debit Credit No. 1. 2. (To reinstate account previously written off) tudy. 1 Post to the allowance account these 2017 events. (Post entries in the order of journal entries posted in the prev Allowance for Doubtful Accounts 2016 12/31 Bal. 7,700 12/31 2 37,053 12/31 Bal. 44,753 2017 Journalize the adjusting entry for bad debts at December 31, 2017, assuming that the estimated bad debts will be $33,000. (Credit accountles are automatically indented when amount intered. Do not ident adjusted balance in Allowance for Doubtful Account is a debit of $1,700 and the ang schedule indicates that total y Account Titles and Explanation Debat Credit Click if you would like to show Work for this question on Show Work

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