Presented below is an aging schedule for Sycamore AG.

At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts is a credit of ‚¬9,200.
Instructions
(a) Journalize and post the adjusting entry for bad debts at December 31, 2017.
(b) Journalize and post to the allowance account the following events and transactions in the year 2018.
(1) On March 31, a ‚¬1,000 customer balance originating in 2017 is judged uncollectible.
(2) On May 31, a check for ‚¬1,000 is received from the customer whose account was written off as uncollectible on March 31.
(c) Journalize the adjusting entry for bad debts on December 31, 2018, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of ‚¬1,100 and the aging schedule indicates that total estimated bad debts will be ‚¬31,600.

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Worksheet.xls HomeInsert Page Layout Formulas Data Review Vlew P18 Number of Days Past Due Not Yet Due Total 28,000 40,000 40,000 57,000 34,000 Customer 1-30 31-60 61-90 Over 90 4 Anders 5 Blake 6 Cyrs 7 De Jong 8 Others 12,000 16,000 16,000 6,000 35,000 34,000 6,000 291,000 52,000 34,000 30,000 35,000 40,000 132,000 96,000 16,000 14,000 Estimated 10 percentage uncollectible 2% 6% 10% 25% 60% Total estimated 11bad debts 12 40,830 3,040 2,040 3,000 8,750 24,000