This question has two parts

Part 1Part 2

Problem 9-03A a-c Presented below is an aging schedule for Swifty Company. Not Yet Due Number of Days Past Due Over 1-3031-60 61-90 90 $10,600 $11,700 Customer Anders Blake Coulson Deleon Others Total $ 22,300 41,100 57,100 34,000 133,400 $287,900 $ 41,100 16,100 5,900 $35,100 96,800 $154,000 16,800 $33,300 13,400 $25,100 $34,000 6,400 $40,400 $35,100 2% 5% 13% 25% 47% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 35,771 $3,080 $ 1,665 $3,263 $8,775 $18,988 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.) Date Account Titles Debit Credit Dec. 31 Bad Debts Expense Date Explanation Ref. Debit Credit Balance Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec. 31 Balance Dec. 31 Adjusting SHOW LIST OF ACCOUNTS LINK TO TEXT 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 $1,300 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. Debit Credit No. Date Account Titles and Explanation 1. Mar. 31 2. May 31 (To reverse write-off) May 31 (To record collection of write off.) Ref. Debit Credit Allowance for Doubtful Accounts Date Explanation Dec. 31, 2020 Balance Dec. 31, 2020 Adjusting Balance 11,500 35,771 24,271 Mar. 31, 2021 May 31, 2021 SHOW LIST OF ACCOUNTS LINK TO TEXT 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 $850 and the aging schedule indicates that total estimated bad debts will be $32,000. (Credit account titles are automatically indented 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