Problem $8-3$A Presented below is an aging schedule for Sandhill Co$../$r$/$n Post the adjusting entry for bad debts at December $\backslash (31,2016\backslash )./$r$/$n Journalize the $2017$ transactions: $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)1.$ March $1,$ a $\backslash (\backslash$$ $540\backslash )$ customer balance originating in $2016$ is judged uncollectible. $2.$ May $1,$ a check for $\backslash (\backslash$$ $540\backslash )$ is received from the customer whose account was written off as uncollectible on March $1./$r$/$n 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 $\backslash (\backslash$$ $1,400\backslash )$ and the aging sched automatically indented when amount is entered. Do not indent manually.$)$