P8.3 (LO2) Presented below is an aging schedule for Sycamore AG. Worksheet PIB B C D E F G 1 2 Number of Days Past Due Not 3 Customer Total Yet Due 1-30 31-60 61-90 Over 90 4 Anders 22,000 10,000 12,000 5 Blake 40,000 40,000 6 Cyr 57,000 16,000 6,000 35,000 7 Deleon 34,000 34,000 8 Others 132,000 96,000 16,000 14,000 6,000 9 285,000 152,000 32,000 26,000 35,000 40,000 Estimated 10 Percentage Uncollectible 13% 25% 50% Total Estimated 11 Bad Debts 38,610 4,560 1,920 3,380 8,750 20,000 12 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of 12,000. 3% 6% Instructions a. Journalize 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 off 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