Problem 8-3A 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 $ 32,000 $ 11,000 $21,000 Bird 35,000 $ 35,000 Cope 55,200 8,000 8,500 $38,700 DeSpears 37,000 $37,000 Others 128,700 78,600 34,200 15,900 $287,900 $121,600 $53,700 $36,900 $38,700 $37,000 Estimated percentage uncollectible 4% 6% 11% 23% 65% Total estimated bad debts $ 45,096 $ 4,864 $3,222 $4,059 $ 8,901 $24,050 At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,600. 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.) Post the adjusting entry for bad debts at December 31, 2013. Journalize the 2014 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $720 customer balance originating in 2013 is judged uncollectible. 2. May 1, a check for $720 is received from the customer whose account was written off as uncollectible on March 1. Post to the allowance account these 2014 events. (Post entries in the order of journal entries posted in the previous part.) Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,500 and the aging schedule indicates that total estimated bad debts will be $50,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)