Hi! I am trying to figure out what is a bad debt and the rest of the problem but I am not understanding how it works. This is the information below. Please help.

Presented below is an aging schedule for Bosworth Company

Customer	Total	Not Yet Due	Number of Days Past Due
130	3160	6190	Over 90
Aneesh	$27,800	$8,800	$19,000
Bird	41,000	$41,000
Cope	55,100	7,500	8,700	$38,900
DeSpears	39,500	$39,500
Others		131,400		71,500		47,000		12,900
		$294,800		$120,000		$64,500		$31,900		$38,900		$39,500
Estimated percentage uncollectible				4%		9%		11%		20%		56%
Total estimated bad debts		$44,014		$4,800		$5,805		$3,509		$7,780		$22,120

At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,100.

Journalize the adjusting entry for bad debts at December 31, 2013.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Post the adjusting entry for bad debts at December 31, 2013.

Bad Debts Expense
3/15/112/3112/31Bal.		3/15/112/3112/31Bal.
3/15/112/3112/31 Bal.		3/15/112/3112/31Bal.
Allowance for Doubtful Accounts
3/15/112/3112/31Bal.		3/15/112/3112/31Bal.
3/15/112/3112/31Bal.		3/15/112/3112/31 Bal.
3/15/112/3112/31Bal.		3/15/112/3112/31 Bal.

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Journalize the 2014 transactions:(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

1.	March 1, a $750customer balance originating in 2013 is judged uncollectible.
2.	May 1, a check for $750is received from the customer whose account was written off as uncollectible on March 1.

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Mar. 1Dec. 31May 1
2.	Mar. 1Dec. 31May 1
(To reinstate account previously written off)

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Post to the allowance account these 2014 events.(Post entries in the order of journal entries posted in the previous part.)

Allowance for Doubtful Accounts
2013		12/31	Bal.	7,100
		12/31		36,914
		12/31	Bal.	44,014
2014
3/15/112/31		3/15/112/31

SHOW LIST OF ACCOUNTS

LINK TO TEXT

Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,700and the aging schedule indicates that total estimated bad debts will be $43,000.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit