Presented below is an aging schedule for Wildhorse Co..

Customer Total Not yet due 1-30 31-60 61-90 over 90

Anders $21,800 $10,400 $11,400

Blake 42,000 42,000

Coulson 56,100 15,400 6,200 $34,500

Deleon 34,400 34,400

other 131,600 94,700 17,100 14,400 5,400

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$285.900 152,100 33,700 25,800 34,500 39,800

Estimated percentage uncollectible 2% 5% 13% 24% 55%

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Total estimated bad debts $38,251 $3,042 1,685 3,354 8,280 21,890

At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,900.

Journalize and post the adjusting entry for bad debts at December 31, 2020.

Journalize and post to the allowance account the following events and transactions in the year 2021.

1)On March 31, a $1,300customer balance originating in 2020 is judged uncollectible.

(2)On May 31, a check for $1,300is received from the customer whose account was written off as uncollectible on March 31.

Journalize the adjusting entry for bad debts on December 31, 2021, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $860and the aging schedule indicates that total estimated bad debts will be $31,500.