The following is an aging schedule for a companys accounts receivable as at December 31, 2019:

						Number of days past due
	Customer's name	Total amount owed		Current (not yet due)		130		3160		6190		Over 90
	Aber	$24,000				$9,000		$15,000
	Bohr	41,000		$41,000
	Chow	45,000		15,000		15,000				$15,000
	Datz	18,000										$18,000
	Others	158,000		95,000		15,000		13,000		15,000		20,000
		$286,000		$151,000		$39,000		$28,000		$30,000		$38,000
	Estimated percentage that will be uncollectible			3%		6%		10%		25%		50%
	Estimated value of uncollectibles	$36,170		$4,530		$2,340		$2,800		$7,500		$19,000

On December 31, 2019, the unadjusted balance in the Allowance for Doubtful Accounts (prior to the aging analysis) was a credit of $11,000.Journalize the adjusting entry for bad debts on December 31, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
Enter an account title.	Enter a debit amount.	Enter a credit amount.
Enter an account title.	Enter a debit amount.	Enter a credit amount.

eTextbook and Media

List of Accounts

Question Part Score

--/20

Journalize the following selected events and transactions in 2020: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

i.	On March 1, an $1,500 customer account that originated in 2020 is judged uncollectible.
ii	On September 1, an $1,500 cheque is received from the customer whose account was written off as uncollectible on March 1.

Date	Account Titles and Explanation	Debit	Credit
2020
Mar. 1	Enter an account title for the journal entry on march 1.	Enter a debit amount.	Enter a credit amount.
	Enter an account title for the journal entry on march 1.	Enter a debit amount.	Enter a credit amount.
Sept. 1	Enter an account title to reinstate an account that was previously written off on september 1.	Enter a debit amount.	Enter a credit amount.
	Enter an account title to reinstate an account that was previously written off on september 1.	Enter a debit amount.	Enter a credit amount.
	(To reinstate an account that was previously written off)
	Enter an account title to record recovery of account that was previously written off on september 1.	Enter a debit amount.	Enter a credit amount.
	Enter an account title to record recovery of account that was previously written off on september 1.	Enter a debit amount.	Enter a credit amount.
	(To record recovery of account that was previously written off)

eTextbook and Media

List of Accounts

Question Part Score

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Journalize the adjusting entry for bad debts on December 31, 2020, assuming that the unadjusted balance in Allowance for Doubtful Accounts at that time is a debit of $1,000 and an aging schedule indicates that the estimated value of uncollectibles is $35,300. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	Enter an account title for the adjusting entry on December 31.	Enter a debit amount.	Enter a credit amount.
	Enter an account title for the adjusting entry on December 31.	Enter a debit amount.	Enter a credit amount.

eTextbook and Media

List of Accounts

Question Part Score

--/20

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