Presented below is an aging schedule for Pharoah Company at December 31, 2021. Number of Days Past Due Customer Total Not Yet Due Over 90 1-30 31-60 61-90 Anders $ 21,900 $10.700 $11,200 Blake 38,800 $38,800 Coulson 58,300 15.700 6.700 $35,900 Deleon 34,300 $34,300 Others 132,500 96,400 15,700 14.600 5.800 $285,800 $150,900 $33,100 $25,800 $35,900 $40,100 Estimated Percentage Uncollectible 3% 5% 12% 26% 53% Total Estimated Bad Debts $39,865 $4,527 $1.655 $3,096 $9,334 $21,253 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,000. (a) Your answer is correct. Journalize and post the adjusting entry for uncollectibles at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (b) Date Account Titles Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts Bad Debts Expense Date Explanation Ref. Debit Dec. 31 Adjusting Allowance for Doubtful Accounts 26865 Debit 26865 Credit 26865 Credit Balance 26865 Date Explanation Ref. Debit Credit Balance Dec. 31 Balance 13000 Dec. 31 Adjusting eTextbook and Media List of Accounts Your answer is correct. 26865 39865 Attempts: 1 of 5 used Journalize and post to the allowance account these 2022 selected events and transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (c) 1. On March 31, a $1,100 customer balance originating in 2021 is judged uncollectible. 2. On May 31, a check for $1,100 is received from the customer whose account was written off as uncollectible on March 31. No. Date Account Titles and Explanation 1. Mar. 31 Allowance for Doubtful Accounts Accounts Receivable 2. May 31 Accounts Receivable Allowance for Doubtful Accounts (To reverse write-off) May Cash 31 Accounts Receivable (To record collection of write off.) Allowance for Doubtful Debit Accounts Date Explanation Ref. Debit Credit Dec. 31, 2021 Balance Dec. 31, 2021 Adjusting Mar. 31, 2022 1100 May 31, 2022 eTextbook and Media List of Accounts 1100 1100 1100 26,865 Credit 1100 1100 1100 Balance 13,000 39,865 38765 1100 39865 Attempts: 1 of 5 used Journalize the adjusting entry for uncollectibles on December 31, 2022, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $890 and the aging schedule indicates that total estimated uncollectibles will be $32,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts eTextbook and Media List of Accounts Save for Later Debit Credit Assistance Used Attempts: 0 of 5 used Submit Answer