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Question 1 --/3 View Policies Current Attempt in Progress Presented below is an aging schedule for Sweet Acacia Industries at December 31, 2021. Number of
Question 1 --/3 View Policies Current Attempt in Progress Presented below is an aging schedule for Sweet Acacia Industries at December 31, 2021. Number of Days Past Due Not Yet Due Customer Total 1-30 Over 90 31-60 61-90 Aneesh $ 23,900 $ 8,100 $15,800 Bird 28,200 49,500 $ 28,200 4,500 Cope 5,100 $39,900 DeSpears 37,300 $37,300 Others 127,700 76,000 38,100 13,600 $266,600 $108,700 $51,300 $29,400 $39,900 $37,300 Estimated percentage uncollectible 3% 7% 12% 25% 63% Total estimated bad debts $43,854 $3,261 $3,591 $3,528 $ 9,975 $23,499 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,600. Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful Accounts e Textbook and Media List of Accounts Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $630 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $630 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit (To reinstate account previously written off) e Textbook and Media List of Accounts
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