Question: Presented below is an aging schedule for Marin plc. Number of Days Past Due Customer Total Not Yet Due 1-30 31-60 61-90 Over 90 Anders


Presented below is an aging schedule for Marin plc. Number of Days Past Due Customer Total Not Yet Due 1-30 31-60 61-90 Over 90 Anders Blake Cyrs De Jong Others $ 31,400 $13,700 $17,700 41,200 $ 41,200 61,700 19,500 6,600 $35,600 37,100 $37,100 137,300 97,700 18,500 14,500 6,600 $308,700 $158,400 $38,800 $32,200 $35,600 $43,700 6% 15% 27% 60% $ 47,742 $ 4,752 $ 2,328 $ 4,830 $ 9,612 $26,220 3% Estimated percentage uncollectible Total estimated bad debts At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $10,600. Your answer is partially correct. Try again. Journalize and post the adjusting entry for bad debts at December 31, 2017. (Credit account titles are automatically indented when amount is entered Date Account Titles and Explanation Debit Credit Dec. 31 Bad Debt Expense 37142 Allowance for Doubtful 37142 Bad Debt Expense Date Explanation Ref Debit Credit Balance Dec. 31 Adjusting 37142 0 3714 Allowance for Doubtful Accounts Date Explanation Ref Debit Credit Balance Dec. 31 Balance 37142 47742 Dec. 31 Adjusting 0 37142 37142
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