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P8.3A LO 2), AP Presented below is an aging schedule for Bryan Company at December 31, 2021 d. ournalize transactions related bad debts Number of
P8.3A LO 2), AP Presented below is an aging schedule for Bryan Company at December 31, 2021 d. ournalize transactions related bad debts Number of Days Past Due 31-60 61-90 Not Yet Due Excel 1-30 $ 9,000 Over $15,000 Customer Aneesh Bird Cope De Spears Others Total $ 24,000 30,000 50,000 38,000 120,000 $262.000 $ 30,000 5,000 5,000 PS. Alla $40.000 Dur 72,000 $107.000 35,000 $49,000 13,000 $28,000 $40,000 3% 796 1296 24% Estimated percentage uncollectible Total estimated bad debts 603 $ 42.400 $ 3.210 $ 3.430 $ 3,360 $ 9,600 $22.800 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credite $8,000 ins . Bad Debt Exp $34,400 Jou Instructions a. Journalize and post the adjusting entry for bad debts at December 31, 2021. (Use T-accounts) b. Journalize and post to the allowance account these 2022 events and transactions 1. March 1, a $600 customer balance originating in 2021 is judged uncollectible. PS act 2. May 1, a check for $600 is received from the customer whose account was written off as uncolas ible on March 1. c. Journalize the adjusting entry for bad debts at December 31, 2022, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,400 and the aging schedule indicates that total estimated bad debts will be $36,700. ompute bad debt amounts 1. P800
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