Number of Days Past Due

Not

Yet Due

Customer

Total

$1-30$

$31-60$

$61-90$

Over $90$

Anders

$21,000$

$10,000$

$11,000$

Blake

$38,000$

$$

$38,000$

Cyr

Deleon

Others

$54,000$

$15,000$

$5,000$

$34,000$

$33,100$

$33,100$

$127,400$

$94,100$

$15,100$

$13,100$

$5,100$

E$273,500$

$147,100$

$30,100$

$24,100$

$34,000$

$38,200$

Estimated Percentage

Uncollectible

$1\%$

$5\%$

$12\%$

$24\%$

$40\%$

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

Dec.

$31$

Bad Debts

Expense

Date Explanation Ref.

Debit

Credit

Balan

Dec.

$31$Adjusting

Allowance for

Doubtful

Accounts

Date Explanation Ref.

Debit

Credit

Baian

Dec.

$31$ Balance

Dec. Aadjusting

$31$

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.$)$

On March $31,$ a $1,000$ customer balance originating in $2020$ is judged uncollectible.

On May $31,$ a check for $1,000$ is received from the customer whose account was written off

as uncollectible on March $31.$

$1$

No$.$ ate Account Titles and Explanation

Mar.

$31$

Debit

May

$31$

$($To reverse write$-$off$)$

May

$31$

$($To record collection of write off.$)$

Allowance for

Doubtful Accounts

Date Explanation Ref.

Debit

Credit

Balan

Dec.

$31,$

Balance

$2020$

Dec.

$31,$ Adjusting

$2020$

$18\mathrm{.}208$

Mar.

$31,$

$2021$

May

$31,$

$2021$

Journalize the adjusting entry for bad debts on December $31.2021,$ assuming that the unadjusted

palance in Allowance for Doubtful Accounts is a debit of $750$ and the aging schedule indicates that

total estimated bad debts will be $28,700.($Credit account titles are automatically indented when amount

is entered. Do not indent manually$)$