*Problem 9-03A a-c Presented below is an aging schedule for Metlock Company. Number of Days Past Due Not Over Customer Total Yet Due 1-30 31-60 61-90 90 Anders $ 23,400 $10,600 $12,800 Blake 41,100 $ 41,100 Coulson 56,000 15,100 5,500 $35,400 Deleon 35,000 $35,000 Others 131,500 94,600 15,500 15,000 6,400 $287,000 $150,800 $31,600 $27,800 $35,400 $41,400 Estimated Percentage 2% 5% 12% 25% 44% Uncollectible Total Estimated Bad $34,998 $ 3,016 $1,580 $ 3,336 $8,850 $18,216 Debts At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,500. 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 Debit Credit Dec 31 Date Debit Credit Balance Bad Debts Expense Date Explanation Rer. Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Ref. Dec. 31 Balance Debit Credit Balance Dec. 31 Adjusting 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 $1,100 customer balance originating in 2020 is judged uncollectible. 2. On May 31, a check for $1,100 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 1. 2. May 31 (To reverse write-off) May 31 (To record collection of write off.) Debit Credit Allowance for Doubtful Accounts Date Explanation Rer. Balance Dec 31, 2020 Balance 11,500 Dec 31, 2020 Adjusting 23,498 34,998 Mar. 31, 2021 May 31, 2021 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 $870 and the aging schedule indicates that total estimated bad debts will be $29,100. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec. 31