Problem 8-03A a-c (Video) Presented below is an aging schedule for Halleran Company. Number of Days Past Due Not Over Total 1-30 Customer Yet Due 31-60 61-90 90 22,000 $10,000 $12,000 Anders $40,000 40,000 Blake $35,000 57,000 16,000 6,000 Coulson $34,000 34,000 Deleon 132,000 96,000 16,000 14,000 6,000 Others $285,000 $152,000 $32,000 $26,000 $35,000 $40,000 Estimated 3% 6% 13% 25% 50% Percentage Uncollectible Total Estimated Bad 38,610 $4,560 $1,920 3,380 $ 8,750 $20,000 Debts At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,000. Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Account Titles Credit Date Bad Debt Expense 26610 Dec. 31, 2020 26610 Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (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. Account Titles and Explanation Debit Credit No. Date (1) (2). (To reverse write-off) (To record collection of write-off.) Bad Debt Expense 26,610 12/31/20 Adj. 26,610 12/31/20 Bal. Allowance for Doubtful Accounts 12/31/20 Bal. 12,000 12/31/20 Adj 26,610 12/31/20 Bal 38,610 SHOW LIST OF ACCOUNTS LINK T XT VIDEO: SIMILAR PROBLEM 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles Debit Credit Date