Problem P9-3A, Presented below is an aging schedule for Sycamore Company.

Customer

Total:

Not Yet Due:

Number of Days Past Due

1-30

31-60

61-90

Over 90

Anders

$28,000

$12,000

$16,000

Blake

40,000

$40,000

Cyers

57,000

16,000

6,000

$35,000

De Jong

34,000

$34,000

Others

132,000

96,000

16,000

14,000

6,000

$291,000

$152,000

$34,000

$30,000

$35,000

$40,000

Estimated Percentage Uncollectible

2%

6%

13%

25%

60%

Total Estimated Bad Debit

$41,730

$3,040

$2,040

$3,900

$8,750

$24,000

At December 31, 2014, the unadjusted balance in Allowance for Doubtful Accounts is a credit of

(c) Journalize the adjusting entry for bad debts on December 31, 2015. Assume that the unadjusted balance in Allowance for Doubtful
Accounts is a debit of		$800	and the aging schedule indicates that total estimated bad debts will be					$31,600
		Bad Debt Expense				Amount	Debit / Credit
		Title				Amount	Debit / Credit
		Required journal entry value				Formula	Debit / Credit
	12/31/15	Account title			Amount
		Account title				Amount
	Bad Debts Expense
	Date	Explanation		Ref.	Debit	Credit	Balance
	12/31/14				Amount		Formula
	Allowance for Doubtful Accounts
	Date	Explanation		Ref.	Debit	Credit	Balance
	12/31/14					Amount	Formula
	12/31/14					Amount	Formula
	03/31/15				Amount		Formula
	05/31/15					Amount	Formula

$9,000