Problem 8-03A a-c (Video) Presented below is an aging schedule for Halleran Company. Not Yet Due Customer Anders Number of Days Past Due Over 1-30 31-60 61-90 90 $10,000 $12,000 Blake Total $ 22,000 40,000 57,000 34,000 132,000 $285,000 $40,000 16,000 6,000 Coulson Deleon Others $35,000 96,000 $152,000 16,000 $32,000 14,000 $26,000 $34,000 6,000 $40,000 $35,000 3% 6% 13% 25% 50% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 38,610 $ 4,560 $ 1,920 $3,380 $8,750 $20,000 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,000. 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.) Date Account Titles Debit Credit Bad Debt Expense Allowance for Doubtful Accounts (1) On March 31, a $1,000 customer balance originating in 2020 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.) 12/31/20 Adj. 12/31/20 Bal. Bad Debt Expense 26,610 26,610 Allowance for Doubtful Accounts 12/31/20 Bal. 12/31/20 Adj. 12/31/20 Bal. 12,000 26,610 38,610 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 $800 and the aging schedule indicates that total estimated bad debts will be $31,600. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit