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journalize the adjusting entry for bad debrs at December 31,2021 Presented below is an aging schedule for Novak Corp. at December 31, 2021. Number of
journalize the adjusting entry for bad debrs at December 31,2021
Presented below is an aging schedule for Novak Corp. at December 31, 2021. Number of Days Past Due Not Yet Due Total Customer Over 90 1-30 31-60 61-90 Aneesh $ 9,600 $15,200 $ 24,800 28,200 Bird $ 28,200 Cope 52,500 4.500 4,500 $43,500 DeSpears 34,500 Others $34,500 118,800 71.100 35,100 12,600 $258.800 $103,800 $49.200 $27,800 $43,500 $34,500 Estimated percentage uncollectible Total estimated bad debts 3% 7% 12% 2496 61% 541.379 $ 3.114 $3,444 $3,336 $ 10,440 $21.045 Al December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of 58,800. -/10 Journalize the adjusting entry for bad debts at December 31,2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts (22) Attempts: 0 of 1 used The artistit becomes in order. This art will be available when you complete the part above Submit Answer (51) Step by Step Solution
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