Presented below is an aging schedule for Whispering Winds Corp..

						Number of Days Past Due
Customer		Total		Not Yet Due		130		3160		6190		Over 90
Anders		$ 22,700				$10,600		$12,100
Blake		41,300		$ 41,300
Coulson		57,100		15,200		6,000				$35,900
Deleon		34,900										$34,900
Others		132,800		95,500		15,400		15,000				6,900
		$288,800		$152,000		$32,000		$27,100		$35,900		$41,800
Estimated Percentage Uncollectible				1%		6%		13%		24%		40%
Total Estimated Bad Debts		$ 32,299		$ 1,520		$ 1,920		$ 3,523		$ 8,616		$16,720

At December 31, 2019, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,100.

Question 4 Presented below is an aging schedule for Whispering Winds Corp.. Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $10,600 $12,100 Customer Total Anders Blake $ 41,300 15,200 Coulson 6,000 $35,900 $ 22,700 41,300 57,100 34,900 132,800 $288,800 Deleon $34,900 6,900 Others 95,500 15,400 $32,000 15,000 $27,100 $152,000 $35,900 $41,800 1% 6% 13% 24% 40% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 32,299 $ 1,520 $ 1,920 $ 3,523 $ 8,616 $16,720 At December 31, 2019, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,100. 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 Journalize the following events and transactions in the year 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) On March 31, a $1,000 customer balance originating in 2019 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. No. Date Account Titles and Explanation Debit Credit (1) (2) (To reverse write-off) (To record collection of write-off) Post to the allowance account the events and transactions in the year 2020. 12/31/19 Adj. 12/31/19 Bal. Bad Debt Expense 20,199 20,199 Allowance for Doubtful Accounts 12/31/19 Bal. 12/31/19 Adj. 12/31/19 Bal. 12,100 20,199 32,299 Journalize the adjusting entry for bad debts on December 31, 2020, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $840 and the aging schedule indicates that total estimated bad debts will be $29,100. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit