Problem 8-03A a-c (Part Level Submission) (Video) Presented below is an aging schedule for Sunland Company. Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $10,100 $11,800 Customer Anders Blake Coulson Deleon Others Total $ 21,900 38,500 55,300 33,100 135,100 $283,900 $ 38,500 15,000 6,300 $34,000 96,800 $150,300 16,600 $33,000 15,100 $26,900 $33,100 6,600 $39,700 $34,000 1% 5% 13% 27% 40% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 31,710 $ 1,503 $1,650 $3,497 $9,180 $15,880 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,100. (a) Your answer is partially correct. Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically manually.) (a) Your answer is partially correct. Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatical manually.) Date Account Titles Debit Credit Mar. 31, 2020 19610 T allowance for Doubtful Acounts Accounts Receivable 19610 19610 12/31/20 Adj. Bad Debt Expense 196101 T 19610 | Allowance for Doubtful Accounts T T 12/31/20 Bal. 12/31/21 Bal. T 12100 12/31/21 Adj. T 19610 1 31710 (b) Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount entered. Do not indent manually.) (1) On March 31, a $1,200 customer balance originating in 2020 is judged uncollectible. (2) On May 31, a check for $1,200 is received from the customer whose account was written off as uncollectible on March 31. Date Account Titles and Explanation Debit Credit No. (1). (To reverse write-off) (To record collection of write-off) 12/31/20 Adj. 12/31/20 Bal. had Debt Expense 19,610 19,610 Allowance for Double Account 4 w 4 ING 1014 (To record collection of write-off.) 12/31/20 Adj. 12/31/20 Bal. Bad Debt Expense 19,610 19,610 Allowance for Doubtful Accounts 12/31/20 Bal. 12/31/20 Adj. 12/31/20 Bal. 12,100 19,610 31,710 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM VIDEO: SIMILAR