Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $10,500 $11,800 Customer Anders Blake Coulson Deleon Others Total $ 22,300 40,600 57,600 33,500 133,200 $287,200 $ 40,600 16,900 6,700 $34,000 96,600 $154,100 16,700 $33,900 13,600 $25,400 $33,500 6,300 $39,800 $34,000 1% 6% 13% 25% 55% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 37,267 $ 1,541 $2,034 $3,302 $ 8,500 $21,890 At December 31, 2019, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,200. (a) Your answer is correct. Journalize the adjusting entry for bad debts at December 31, 2019. (Credit account titles are automatically Debit Credit Date Account Titles 260671 Dec 31, 2019 Bad Debt Expense Date Account Tities Debit Credit Dec. 31, 2019 | Bad Debt Expense 26067 Allowance for Doubtful Accounts 26067 Post the adjusting entry for bad debts at December 31, 2019. Bad Debt Expense 12/31/19 Adj. 26067 12/31/19 Bal. || 26067 Allowance for Doubtful Accounts 12/31/19 Bal. 11200 12/31/19 Adj. 26067 12/31/19 Bal. 37267 Click If you would like to Show Work for this question: Open Show Work Joumanze Me Tonowing events an uansaccions muhe year ZUZU. (Creur account creus ar automatically Wem (1) On March 31, a $1,000 customer balance originating in 2019 is judged uncollectible. (2) On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on Date Account Titles and Explanation Debit Credit No. (1) (To reverse write-off) (To record collection of write-off) Post to the allowance account the events and transactions in the year 2020. Bad Debt Expense 12/31/19 Adj. 26,067 12/31/19 Bal. 26,067 Allowance for Doubtful Accounts 12/31/19 Bali 11,200 Joumanze Me Tonowing events an uansaccions muhe year ZUZU. (Creur account creus ar automatically Wem (1) On March 31, a $1,000 customer balance originating in 2019 is judged uncollectible. (2) On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on Date Account Titles and Explanation Debit Credit No. (1) (To reverse write-off) (To record collection of write-off) Post to the allowance account the events and transactions in the year 2020. Bad Debt Expense 12/31/19 Adj. 26,067 12/31/19 Bal. 26,067 Allowance for Doubtful Accounts 12/31/19 Bali 11,200 (To record collection of write-off) Post to the allowance account the events and transactions in the year 2020. Bad Debt Expense 12/31/19 Adj. 26,067 12/31/19 Bal. 26,067 Allowance for Doubtful Accounts 12/31/19 Bal. 12/31/19 Adj. 12/31/19 Bal. 11,200 26,067 14 37.267 37,267 11 T PRESS Click If you would like to Show Work for this question: Open Show Work! SHOW LIST OF ACCOUNTS