Problem 8-3A Presented below is an aging schedule for Bosworth Company. At December 31 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,000. Journalize the adjusting entry for bad debts at December 31, 2013. Post the adjusting entry for bad debts at December 31, 2013. Journalize the 2014 transactions: 1. March 1, a $770 customer balance originating in 2013 is judged uncollectible. 2. May 1, a check for $770 is received from the customer whose account was written off as uncollectible on March 1. (To reinstate account previously written off) Post to the allowance account these 2014 events. Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts s a debit of $3,100 and the aging schedule indicates that total estimated bad debts will be $50,000