P8-3A Presented below is an aging schedule for Bryan Company. Not YetNumber of Days Past Due Customer Total Due 1-30 31-60 61-90 Over 90 24,000 30,000 30,000 50,0005,0005,000 38,000 120,000 72,000 35,000 13,000 9,000 $15,000 Aneesh Bird Cope DeSpears Others $40,000 $38,000 $262,000 $107,000 $49,000 $28,000 $40,000 $38,000 Estimated percentage uncollectible 12% | 24% | 60% 3% 790 Total estimated bad debts $ 42,400 3,210 3,430$ 3,360 $ 9,60 $22,800 At December 31, 2016, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,000. Instructions rnalize and post the adjusting entry for bad debts at Dcember 31, 2016. (Use T-accounts.) 1. March 1, a $600 2. M and post to the allowance account these 2017 events and transactions: customer balance originating in 2016 is judged uncollectible. ay 1, a check for $600 is received from the customer whose account was written off as uncollectible on March 1