Problem 9-03A a-C Presented below is an aging schedule for Cheyenne Company. 90 Customer Anders Blake Coulson Total $ 25,800 40,400 58,400 33,200 133,400 $291,200 Number of Days Past Due Not Over Yet Due 1-30 31-60 61-90 $11,800 $14,000 $ 40,400 16,800 5,800 $35,800 $33,200 97,000 16,300 13,800 6,300 $154,200 $33,900 $27,800 $35,800 $39,500 Deleon Others 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, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,600. Your answer is correct. Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically indented manually.) Date Account Titles Debit Credit Your answer is correct Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account trties are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec 31 Bad Deot Expense 26899 Allowance for Doubtful Accounts 26899 Bad Debts Expense Date Explanation Ref. Debit Credit Balance 26899 26899 Dec 31 Adjusting Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec 31 lance 11600 Dec 31 Austing 26899 SHOW ANUWER LINE TOTENE * Your answers incorrect. Try again Joumalize and post to the towance 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 $1,300 customer balance originating in 2020 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 Tities and Explanation Debit Credit 1 Mar 31 2. May 31 (To reverse write-ot) May 31 To record collection of write of Debit Credit Allowance for Doubtful Accounts Date Explanation Ref. Dec 31, 2020 Balance Dec 31, 2020 Adjusting Balance 11,600 38,499 26,899 Mar 31, 2021 May 31, 2021 SHOW LIST OF ACCOUNTS LNTO TEXT x Your answer is incorrect. Try again 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 $770 and the aging schedule indicates that total estimated bad debts will be $29,900. (Credit account titres are automatically identied when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec 31 Click If you would like to show Work for this question: Open Show Work
