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Question 3 Presented below is an aging schedule for Skysong AG. Customer Anders Blake Cyrs De Jong Others Number of Days Past Due Not Total

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Question 3 Presented below is an aging schedule for Skysong AG. Customer Anders Blake Cyrs De Jong Others Number of Days Past Due Not Total Yet Due 1-30 31-60 61-90 Over 90 $ 29,800 $13,000 $16,800 44,700 $ 44,700 63,900 18,800 7,800 $37,300 34,700 $34,700 139,400 97,500 18,500 15,400 8,000 $312,500 $161,000 $39,300 $32,200 $37,300 $42,700 1% 6% 14% 27% 63% $ 45,448 $ 1,610 $2,358 $ 4,508 $ 10,071 $26,901 Estimated percentage uncollectible Total estimated bad debts At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $10,350. ULIURE Downloadable eTextbook ment At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $10,350. CALCULATOR Journalize and post the adjusting entry for bad debts at December 31, 2017. (Credit account titles are automatically indented when amount is e manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Debit Credit Balance Bad Debt Expense Date Explanation Ra Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Rel Dec. 31 Balance Debit Credit Balance Dec. 31 Adjusting Journalize and post to the allowance account the following events and transactions in the year 2018. (Credit account titles are automati entered. Do not indent manually.) (1) On March 31, a $1,240 customer balance originating in 2017 is judged uncollectible. (2) On May 31, a check for $1,240 is received from the customer whose account was written off as uncollectible on March 31. No. Date Account Titles and Explanation (1). Mar. 31 Debit Crecht (2). May 31 (To record recovery of bad debts). May 31 (To record amount received). Allowance for Doubtful Accounts Date Explanation Ref Debit Credit Balance Dec 11 Dec. 31 Balance Adjusting 35,090 10,350 45,448 Journalize the adjusting entry for bad debts on December 31, 2018, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debt of $820 and the aging schedule indicates that total estimated bad debts will be $33,000. (Credit account titles are automatically indented when amount is entered not indent manually.) Date Account Titles and Explanation Dec. 31 Det Crni

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