Problem 8-3A (Part Level Submission)

Presented below is an aging schedule for Bosworth Company.

Customer		Total		Not Yet Due		Number of Days Past Due
						130		3160		6190		Over 90
Aneesh		$ 33,000				$ 11,000		$22,000
Bird		43,100		$ 43,100
Cope		56,700		6,800		6,500				$43,400
DeSpears		44,400										$44,400
Others		138,500		72,300		49,400		16,800
		$315,700		$122,200		$66,900		$38,800		$43,400		$44,400
Estimated percentage uncollectible				3%		8%		15%		22%		60%
Total estimated bad debts		$ 51,026		$ 3,666		$5,352		$5,820		$ 9,548		$26,640

At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,400.

(a1)

	Your answer is correct.

Journalize the adjusting entry for bad debts at December 31, 2013. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

Show List of Accounts Show Solution
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Attempts: 1 of 5 used

(a2)

	Your answer is partially correct. Try again.

Post the adjusting entry for bad debts at December 31, 2013.

Bad Debts Expense

Allowance for Doubtful Accounts