Question: P83 (LO 2) Presented below is an aging schedule for Sycamore AG. Worksheet Jounalised transaction Home Ircent Faqa Lut Formas PIB B 0 E G

P83 (LO 2) Presented below is an aging schedule for Sycamore AG. Worksheet Jounalised transaction Home Ircent Faqa Lut Formas PIB B 0 E G Not Yet Due Number of Days Past Due 1-30 31-60 61-90 Over 90 10,000 12,000 Total 22,000 40,000 57.000 34,000 132,000 285,000 40,000 16,000 2 3 Customer 4 Anders 5 Blake 6 Cyr 7 Deleon 8 Others 9 Estimated 10 Percentage Uncollectible Total Estimated Bad Debts 12 6,000 95,000 16,000 152,000 32,000 14,000 25,000 35,000 34,000 6,000 635,000 40,000 3% 6% 13% 25% 50% 38,610 4.560 1.920 3,380 8,750 20,000 At December 31, 2020, the unadjusted balance in Allowance for Doublful Accounts is a credit of 12,000. Instructions a. Journalive and post the adjusting entry for bad debts at December 31, 2020. b. Journalize and post to the allowance account the following events and transactions in the year 2021 1. On March 31, a 1,000 customer balance originating in 2020 is judged uncollectible. 2. On May 31. a check for 1,000 is received from the customer whose account was written oll as uncollectible on March 31. c. 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 800 and the aging schedule indicates that total estimated bad debts will be 31,600. timate uncllectible accounts re
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