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Presented below is an aging schedule for Concord Corporation. Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $11,200 $13,700 Customer
Presented below is an aging schedule for Concord Corporation. Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $11,200 $13,700 Customer Anders Blake Total $ 24,900 38,600 58,500 33,300 131,200 $ 38,600 16,800 Coulson Deleon 5,800 $35,900 $33,300 15,200 13,300 5,600 $32,200 $27,000 $35,900 $38,900 Others 97,100 $286,500 $152,500 3% 5% 12% 27% 43% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 35,845 $ 4,575 $ 1,610 $ 3,240 $ 9,693 $16,727 At December 31, 2019, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,000. Journalize the adjusting entry for bad debts at December 31, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Post the adjusting entry for bad debts at December 31, 2019. Bad Debt Expense Allowance for Doubtful Accounts A Click if you would like to Show Work for this question: Open Show Work
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