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Problem 9-03A a-c Presented below is an aging schedule for Novak Company. Number of Days Past Due Not Over 90 Customer Total Yet Due 1-30
Problem 9-03A a-c Presented below is an aging schedule for Novak Company. Number of Days Past Due Not Over 90 Customer Total Yet Due 1-30 31-60 61-90 $11,100 $12,300 Anders Blake Coulson Deleon Others $23,400 41,800 41,800 56,800 33,200 16,700 5,200 $34,900 $33,200 6,000 $288,300 $154,100 $33,200 $26,900 $34,900 $39,200 133,100 95,600 16,900 14,600 Estimated Percentage Uncollectible Total Estimated Bad Debts 3% 5% 13% 26% 48% $37,670 4,623 $1,660 3,497 $9,074 $18,816 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,900 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 Dec. 31 Bad Debts Expense Date Explanation Ref. Debit Credit Balance Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec. 31 Balance Dec. 31 Adjusting SHOW LIST OF ACCOUNTS LINK TO TEXT
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