Question: Problem 8-3A (Part Level Submission) Presented below is an aging schedule for Pronghorn Corp Number of Days Past Due Not Yet Due Customer 1-30 31-60
Problem 8-3A (Part Level Submission) Presented below is an aging schedule for Pronghorn Corp Number of Days Past Due Not Yet Due Customer 1-30 31-60 61-90 61-90 Over 90 $24,800 9,300 $15,500 Bird Cope DeSpears Others 31,600 50,100 34,700 $31,600 5,100 5,100 $39,900 $34,700 116,700 71,400 33,400 11,900 $257,900 $108,00 7,400 ,904,700 $257,900 $108,100 $47.800 $27.400 $39,900 $34,700 3 3% 6% 13% 25% 63% uncollectible Total estimated bad debts $41,509 s3,243 $2,868 $3,562 $9,975 $21,861 At December 31, 2016, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,200. (al) oumaize the adjusting entry for bad debts at December 31, 2016. (Credit acount titles are automatically indented when amount is manually.)
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