Journalize and post the adjusting entry for bad debts at December 31, 2017. (Credit account titles are automatically indented when amount is enter Date Account Titles Debit Credit Dec. 31 Bad Debt Expense 21437 Allowance for Doubtful Accounts 21437 Bad Debts Expense Date Explanation Ref. Debit Credit Balance Dec. 31 Adjusting 21437 21437 Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec. 31 Balance 13000 13000 v Dec. 31 Adjusting 214371 34437 Click if you would like to Show Work for this question: Open Show Work (1) On March 31, a $1,200 customer balance originating in 2017 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. Debit Credit No. Date Account Titles and Explanation (1). Mar. 31 (2). May 31 (To reverse write-off) May 31 (To record collection of write off.) Ref. Debit Credit Allowance for Doubtful Accounts Date Explanation Dec. 31 2017 Balance Dec. 31 2017 Adjusting Balance 13,000 34,437 21,437 Mar. 31 2018 May 31 2018 Policy | 2000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc