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I need help with this journal. Thank you VERSION BACK NEXT Problem 8-3A (Part Level Submission) Presented below is an aging schedule for Halleran Company.
I need help with this journal. Thank you
VERSION BACK NEXT Problem 8-3A (Part Level Submission) Presented below is an aging schedule for Halleran Company. Number of Days Past Due Not Yet Due Over 90 Total 1-30 31-60 61-90 Customer Anders $22,000 $10,000 $12,000 Blake 40.000 40,000 16.000 Coulson 57,000 6,000 $35,000 Deleon 34,000 $34,000 Others 132,000 96,000 16,000 14.000 6,000 $32,000 $285.000 $152,000 $26,000 $35,000 $40,000 Estimated Percentage Uncollectible 3% 6% 13% 25% 50% ated $ 3,380 $38.610 $4,560 $20,000 $1,920 $8,750 At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,000. (a) Journalize and post the adjusting entry for bad debts t December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles Bad Debts Expense Ref. Date Explanation Debit Credit Balance Dec. 31 Adjusting Allowance for Doubtful Accounts Ref Debit Credit Balance Date Explanation Dec. 31 Balance Dec. 31 AdjustingStep by Step Solution
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