Problem 8-3A Presented below is an aging schedule for Sandhill Co.. Number of Days Past Due Not Yet Due Over 90 1-30 31-60 61-90 Total Customer Aneesh Bird Cope DeSpears Others $ 24,500 31,700 51,700 36,400 126,600 $9,100 $15,400 31,700 5,200 5,200 $41,300 $36,400 79,200 34,300 13,100 $270,900 $116,100 $48,600 $28,500 $41,300 $36,400 62% $3,483 $3,402 $3,420 10,738 $22,568 Estimated percentage uncollectible 3% 7% 12% 26% Total estimated bad debts 43,611 At December 31, 2016, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,400 Journalize the adjusting entry for bad debts at December 31, 2016. (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 LINK TO TEXT VIDEO: SIMILAR