Question: 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

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 $28,000 $10,000 $18,000
Bird 38,800 $38,800
Cope 55,900 5,100 5,600 $45,200
DeSpears 46,900 $46,900
Others 134,100 70,900 38,900 24,300
$303,700 $114,800 $54,500 $42,300 $45,200 $46,900
Estimated percentage uncollectible 5% 7% 11% 26% 60%
Total estimated bad debts $54,100 $5,740 $3,815 $4,653 $11,752 $28,140
At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,200.

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

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