Problem 8-3A Presented below is an aging schedule for Bosworth Company. Customer Total Not Yet Due Number of Days Past Due 130 3160 6190 Over 90 Aneesh $ 27,000 $ 11,000 $16,000 Bird 46,200 $ 46,200 Cope 58,400 6,400 5,900 $46,100 DeSpears 47,100 $47,100 Others 134,900 81,900 33,500 19,500 $313,600 $134,500 $50,400 $35,500 $46,100 $47,100 Estimated percentage uncollectible 4% 8% 13% 29% 71% Total estimated bad debts $ 60,837 $ 5,380 $4,032 $4,615 $ 13,369 $33,441 At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $6,700. Journalize the adjusting entry for bad debts at December 31, 2013. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Show List of Accounts Link to Text Post the adjusting entry for bad debts at December 31, 2013. Bad Debts Expense 3/15/112/3112/31 Bal. 3/15/112/3112/31 Bal. 3/15/112/3112/31 Bal. 3/15/112/3112/31 Bal. Allowance for Doubtful Accounts 3/15/112/3112/31 Bal. 3/15/112/3112/31 Bal. 3/15/112/3112/31 Bal. 3/15/112/3112/31 Bal. 3/15/112/3112/31 Bal. 3/15/112/3112/31 Bal. Show List of Accounts Link to Text Journalize the 2014 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $810 customer balance originating in 2013 is judged uncollectible. 2. May 1, a check for $810 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit 1. Mar. 1May 1Dec. 31 2. May 1Dec. 31Mar. 1 (To reinstate account previously written off) Show List of Accounts Link to Text Post to the allowance account these 2014 events. (Post entries in the order of journal entries posted in the previous part.) Allowance for Doubtful Accounts 2013 12/31 Bal. 6,700 12/31 54,137 12/31 Bal. 60,837 2014 3/15/112/31 3/15/112/31 Show List of Accounts Link to Text Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $3,100 and the aging schedule indicates that total estimated bad debts will be $48,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Show List of Accounts