Presented below is an aging schedule for Shamrock, Inc..

Number of Days Past Due Not Yet Over 61-90 1-30 31-60 Total Customer Due 90 24,300 $ 8,800 $15,500 Aneesh $27,800 Bird 27,800 52,100 4,600 5,100 $42,400 Cope 40,000 $40,000 DeSpears 124,300 73,400 37,800 13,100 Others $105,800 $51,700 $28,600 $42,400 $40,000 $268,500 Estimated percentage uncollectible 3% 6% 13% 25% 58% $43,794 $3,174 $3,102 $3,718 $10,600 $23,200 Total estimated bad debts At December 31, 2016, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,400. Account Titles and Explanation Credit Debit LINK TO TEXT VIDEO: SIMILAR PROBLEM Post the adjusting entry for bad debts at December 31, 2016 Bad Debts Expense Allowance for Doubtful Accounts Post to the allowance account these 2017 events. (Post entries in the order of journal entries posted in the previous part.) Allowance for Doubtful Accounts 8,400 2016 12/31 Bal 35,394 12/31 43,794 12/31 Bal 2017 LINK TO TEXT VIDEO: SIMILAR PROBLEM Journalize the adjusting entry for bad debts at December 31, 2017, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,600 and the aging schedule indicates that total estimated bad debts will be $33,600. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Account Titles and Explanation Debit Credit Journalize the 2017 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $540 customer balance originating in 2016 is judged uncollectible. 2. May 1, a check for $540 is received from the customer whose account was written off as uncollectible on March 1 No. Date Account Titles and Explanation Debit Credit 1. 2. (To reinstate account previously written off)