Problem 9-3A (Part Level Submission)

Presented below is an aging schedule for Halleran Company.

						Number of Days Past Due
Customer		Total		Not Yet Due		130		3160		6190		Over 90
Anders		$ 22,000				$10,100		$11,900
Blake		38,500		$ 38,500
Coulson		57,300		16,500		5,900				$34,900
Deleon		33,200										$33,200
Others		131,000		95,300		15,900		14,100				5,700
		$282,000		$150,300		$31,900		$26,000		$34,900		$38,900
Estimated Percentage Uncollectible				3%		6%		13%		26%		40%
Total Estimated Bad Debts		$ 34,437		$ 4,509		$ 1,914		$ 3,380		$ 9,074		$15,560

At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,000.

(a) Journalize and post the adjusting entry for bad debts at December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles Debit Credit Dec. 31 Debit Credit Balance Bad Debts Expense Date Explanation Ref. Dec. 31 Adjusting Allowance for Doubtful Accounts Date Explanation Ref. Dec. 31 Balance Debit Credit Balance Dec. 31 Adjusting