P9-3A Presented below is an aging schedule for Zillmann Company. Number of Days Past Due Customer Total Not Yet Due 1-30 31-60 61-90 Over 90 Arndt $22,000 $10,000 $12,000 Blair 40,000 $40,000 Chase 57,000 16,000 6,000 $35,000 Drea 34,000 $34,000 Others 132,000 96,000 16,000 14,000 6,000 $285,000 $152,000 $32,000 $26,000 $35,000 $40,000 Estimated percentage uncollectible 3% 6% 13% 25% 60% Total estimated bad debts $42,610 $4,560 $1,920 $3,380 $8,750 $24,000 At December 31, 2012, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,000. Journalize the adjusting entry for bad debts at December 31, 2012. Date Description/Account Debit Credit Dec. 31 Post the adjusting entry for bad debts at December 31, 2012. Journalize and post to the allowance account the following events and transactions in the year 2013. (If answer is zero, please enter 0. Do not leave any fields blank.) On March 31, a $1,000 customer balance originating in 2012 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. Date Description/Account Debit Credit 3/31/13 5/31/13 5/31/13 Accounts receivable Bad Debts Expense Date Explanation Ref. Debit Credit Balance 2012 Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance 2012 Dec. 31 Balance 31 Adjusting 2013 Mar. 31 May 31 Journalize the adjusting entry for bad debts on December 31, 2013, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $800 and the aging schedule indicates that total estimated bad debts will be $28,600. Date Description/Account Debit Credit 12/31/13