Presented below is an aging schedule for Kingbird Company. Number of Days Past Due Not Yet Due Over 90 Customer 61-90 1-30 $10.200 31-60 $13.900 Anders Blake Coulson Deleon Others Total $ 24,100 40,100 56,100 33,600 130,600 $284,500 $ 40,100 16,300 5,000 $34,800 96,600 $33,600 5.500 $39.100 15.100 $30,300 5% $ 1,515 $153,000 3% $4,590 13,400 $27,300 1396 $3,549 Estimated Percentage Uncollectible Total Estimated Bad Debts $34,800 25% $8,700 41% $ 34,385 $16,031 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,800. Debit Credit No. Date Account Titles and Explanation Credit 1. Mar. 31 2. May 31 (To reverse write-off) May 31 (To record collection of write off.) Credit Balance Debit Ref. Allowance for Doubtful Accounts Date Explanation Dec. 31, 2020 Balance Dec 31, 2020 Adjusting Mar. 31, 2021 12.800 34 385 21585 May 31, 2021 Presented below is an aging schedule for Kingbird Company. Number of Days Past Due Not Yet Due Over 90 Customer 61-90 1-30 $10.200 31-60 $13.900 Anders Blake Coulson Deleon Others Total $ 24,100 40,100 56,100 33,600 130,600 $284,500 $ 40,100 16,300 5,000 $34,800 96,600 $33,600 5.500 $39.100 15.100 $30,300 5% $ 1,515 $153,000 3% $4,590 13,400 $27,300 1396 $3,549 Estimated Percentage Uncollectible Total Estimated Bad Debts $34,800 25% $8,700 41% $ 34,385 $16,031 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,800. Debit Credit No. Date Account Titles and Explanation Credit 1. Mar. 31 2. May 31 (To reverse write-off) May 31 (To record collection of write off.) Credit Balance Debit Ref. Allowance for Doubtful Accounts Date Explanation Dec. 31, 2020 Balance Dec 31, 2020 Adjusting Mar. 31, 2021 12.800 34 385 21585 May 31, 2021