Problem 8-03A a-c (Video) Presented below is an aging schedule for Larkspur, Inc.. Customer Anders Blake Coulson Deleon Others Number of Days Past Due Not Over Total Yet Due 1-30 31-60 61-90 90 $ 25,800 $11,800 $14,000 40,400 $ 40,400 58,400 16,800 5,800 $35,800 33,200 $33,200 133,400 97,000 16,300 13,800 6,300 $291,200 $154,200 $33,900 $27,800 $35,800 $39,500 3% 6% 14% 24% 49% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 38,499 $ 4,626 $ 2,034 $ 3,892 $ 8,592 $19,355 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,600. Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles Crede Bad Expo Allowance for Doubtful Accounts Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) On March 31, a $1,300 customer balance originating in 2020 is judged uncollectible. (2) On May 31, a check for $1,300 is received from the customer whose account was written off as uncollectible on March 31. Dale Account Titles and spent Debo Credi (1) (2) (To reverse write-off) (To record collection of write-off) 12/31/20 Adj. 12/31/20 Bal. ap 26,899 26,899 Allowance for Doubtful Accounts 12/31/20 Bal. 12/31/20 Ad) 12/31/20 Bal. 11,600 26,899 38,499 LINK TO TEXT VIDEO SIMILAR PROBLEM 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 $770 and the aging schedule indicates that total estimated bad debts will be $29,900. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) DME Act Titles Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) On March 31, a $1,300 customer balance originating in 2020 is judged uncollectible. (2) On May 31, a check for $1,300 is received from the customer whose account was written off as uncollectible on March 31. DAM Account Titles and plants Deba Cred (1) (2) (To reverse write-off) (To record collection of write-off.)