Presented below is an aging schedule for Halleran Company. At December 31, 2020, the unadjusted balance in Allowance for Doutful Accounts is a credit of $12,000. Instructions: (a) Journalize and post the adjusting entry for bad debts at December 31, 2020. (h) Inurnalize and noct the allnwance arrnnt the followind events and trancartinns in the vear 2021 (a) Journalize and post the adjusting entry for bad debts at December 31, 2020. (b) Journalize and post the allowance account the following events and transactions in the year 2021. (1) On March 31, a $1,000 customer balance originating in 2020 is judged uncollectible. (2) On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on March 31. (c) Journalize the adjusting entry for bad debts on December 31, 2021, assuming that the unadjusted balance in the Allowance for Doubtful Accounts is a debit of $800 and the aging schedule indicates that total estimated bad debts will be $31,600. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" . Allowance for Doubtful Accounts After you have completed the requirements of P9.3A, consider these additional questions. Answers are on the other tab in this file. 1. Suppose the amount uncollectible on March 31 is changed to $1,800 and no cash was received from customer su the write-off of accounts receivable. What would be the balance of the Allowance for Doubtful Accounts before adj 2. Suppose the balance in the Allowance for Doubtful Accounts before adjustment was $2,100 debit. An aging sched that total estimated bad debts will be $38,000. What is the year-end adjustment for bad debts for 2020? Presented below is an aging schedule for Halleran Company. At December 31, 2020, the unadjusted balance in Allowance for Doutful Accounts is a credit of $12,000. Instructions: (a) Journalize and post the adjusting entry for bad debts at December 31, 2020. (h) Inurnalize and noct the allnwance arrnnt the followind events and trancartinns in the vear 2021 (a) Journalize and post the adjusting entry for bad debts at December 31, 2020. (b) Journalize and post the allowance account the following events and transactions in the year 2021. (1) On March 31, a $1,000 customer balance originating in 2020 is judged uncollectible. (2) On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on March 31. (c) Journalize the adjusting entry for bad debts on December 31, 2021, assuming that the unadjusted balance in the Allowance for Doubtful Accounts is a debit of $800 and the aging schedule indicates that total estimated bad debts will be $31,600. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" . Allowance for Doubtful Accounts After you have completed the requirements of P9.3A, consider these additional questions. Answers are on the other tab in this file. 1. Suppose the amount uncollectible on March 31 is changed to $1,800 and no cash was received from customer su the write-off of accounts receivable. What would be the balance of the Allowance for Doubtful Accounts before adj 2. Suppose the balance in the Allowance for Doubtful Accounts before adjustment was $2,100 debit. An aging sched that total estimated bad debts will be $38,000. What is the year-end adjustment for bad debts for 2020
