Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $10,000 $11,000 Customer Anders Total $ 21,000 38,000 54,000 33,100 127,400 $273,500 $ 38,000 15,000 5,000 Coulson Deleon Others $34,000 $33,100 94,100 $147,100 15,100 $30,100 13,100 $24,100 5,100 $38,200 $34,000 1% 5% 12% 24% 40% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 29,308 $ 1,471 $1,505 $ 2,892 $8,160 $15,280 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,100. Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec. 31 Bad Debts Expense Date Explanation Ref. Debit Credit Balance Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec. 31 Balance Dec. 31 Adjusting LINK TO TEXT Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. On March 31, a $1,000 customer balance originating in 2020 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 March 31. No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. May 31 (To reverse write-off) May 31 (To record collection of write off.) Debit Credit Allowance for Doubtful Accounts Date Explanation Ref. Dec 31, 2020 Balance Dec. 31, 2020 Adjusting Mar. 31, 2021 Balance 11,100 29,308 18,208 May 31, 2021