Problem 9-03A a-c Presented below is an aging schedule for Sheffield Company. Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $10,500 $11,800 Customer Anders Blake Total $ 22,300 40,600 57,600 33,500 133,200 $287,200 $ 40,600 16,900 6,700 Coulson Deleon $34,000 Others 96,600 $154,100 16,700 $33,900 13,600 $25,400 $33,500 6,300 $39,800 $34,000 1% 6% 13% 25% 55% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 37,267 $ 1,541 $2,034 $3,302 $ 8,500 $21,890 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,200. U ndjusted balance in Allowance for Doubtful Accounts is a credit of $11,200. Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically indented when amount is entere Do not indent manually.) Date count Titles Dec. 31 Credi Bad Debts Expense Date Explanation Ref. Debit Credit Balance Dec 31 Adjusting Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec 31 Balance Adjusting Wande account the following events and transactions in the year 2021. (Credit account titles are automatically indented when Smount is entered. Do not indent manually.) 1. On March 31, a $1,000 customer balance originating in 2020 is judged uncollectible. 2. On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on March 31. No 1. Date Account Titles and Explanation Mar 31 Debit Credit 2. May 31 (To reverse write-off) To record collection of write off.) Ref. Debit Credit Date Dec 31, 2020 Dec 31, 2020 Explanation Balance Adjusting Balance 11,200 37,267 26,067 Mar 31, 2021 May 31, 2021 SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the adjusting entry for bad debts on December 31, 2021, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of 5870 and the aging schedule indicates that total estimated bad debts will be $30,400. (Credit account titles are automatically indented when amount i entered. Do not indent manually.) Date Account Title Credit