Problem 8-3A (Part Level Submission) Presented below is an aging schedule for Larkspur, Inc.. Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $11,800 $14,000 Customer Anders Blake Coulson Deleon Others Total $ 25,800 40,400 58,400 33,200 133,400 $291,200 $ 40,400 16,800 5,800 $35,800 97,000 $154,200 16,300 $33,900 13,800 $27,800 $33,200 6,300 $39,500 $35,800 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, 2019, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,600. (b) Your answer is partially correct. Try again. 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 $1,300 customer balance originating in 2019 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. No. Date Account Titles and Explanation Debit Credit Mar. 31, 2019 Allowance for Doubtful Accounts Accounts Receivable 1300 all wrong x= Dec. 31, 2019 Accounts Receivable 1300 Allowance for Doubtful Accounts counts (To reverse write-off) Mar. 31, 2020 Cash 1300 Accounts Receivable 1300 (To record collection of write-off) Mar. 31, 2019 May 31, 2019 Dec. 31, 2019 Mar. 31, 2020 May 31, 2020 polt td Dec. 31, 2020 Bunt the events and transactions in the year 2020. Post to the allowance account the events and transactions in the year 2020. Bad Debt Expense 26,899 12/31/19 Adj. 12/31/19 Bal. 26,899 Allowance for Doubtful Accounts 12/31/19 Bal. 12/31/19 Adj. 12/31/19 Bal. 11,600 26,899 38,499 1300 5/31/20v 1300 T 5/31/20 T I like to Show Work for this question: Open Show Work UNTS ( 12/31/19 Adj. 5/31/19 Adj. 3/31/19 Adj. 12/31/20 Adj. 5/31/20 3/31/20 12/31/19 Bal. 5/31/19 Bal. 3/31/19 Bal. 12/31/20 Bal. VIDEO: SIMILAR PROBLEM VIDEO: SIMILAR PROBLE