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Please answer in the format of the question so I dont get confused, thanks! Presented below is an aging schedule for Pronghorn Corp at December
Please answer in the format of the question so I dont get confused, thanks!
Presented below is an aging schedule for Pronghorn Corp at December 31, 2021. Number of Days Past Due Not Yet Due 31-60 61-90 Over 90 1-30 $9,300 $15,500 Customer Aneesh Bird Cope De Spears Others Total $ 24,800 31,600 50,100 34,700 116,700 $257,900 $31,600 5,100 5,100 $39,900 $34,700 71,400 $108,100 33,400 $47,800 11,900 $27,400 $39,900 $34,700 3% 6% 13% 25% 63% Estimated percentage uncollectible Total estimated bad debts $ 41,509 $3,243 $2,868 $3,562 $9.975 $21,861 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,200. (21) Your answer is correct. Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Bad Debt Expense 34309 Allowance for Doubtful Accounts 34309 eTextbook and Media List of Accounts Attempts: 1 of 5 used Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful AccountsStep by Step Solution
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