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Presented below is an aging schedule for Harper Company

a) Journalize and post the adjusting entry for bad debts at December 31, 2013. (Use T-accounts)

b) Journalize and post to the allowance account these 2014 events and transactions:

1) February 1, a $900 customer balance originating in 2013 is judged uncollectible.

2) July 1, a check for $900 is received from the customer whose account was written off as uncollectible on February 1.

c) Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2800 and the aging schedule indicates that total estimated uncollectible accounts will be $30,600

P8-3B Presented below is an aging schedule for Harper Over 90 Customer Allen Brian Charles Dwight Others Number of Days Past Due Not Yet Total Due 1-30 31-60 61-90 $ 18,000 $12,000 $ 6,000 24,000 $24,000 40,000 $ 25,000 15,000 52,000 $52,000 196,000 97,000 60,000 39,000 $330,000 $122,000 $87,000 $45,000 $24,000 $52,000 Cara diod Estimated percentage uncollectible 1% 3% 9% 20% 40% Total estimated uncollectible accounts $ 33,480 $ 1,220 $ 2,610 $ 4,050 sa $ 4,800 $20,800 At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $9,000

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