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Problem 9-03A a-c Presented below is an aging schedule for Nash Company. Not Yet Due Number of Days Past Due Over 1-30 31-60 61-90 90 $10,000 $11,000 Customer Anders Blake Total $ 21,000 38,000 54,000 33,100 127,400 $273,500 $ 38,000 15,000 5,000 Coulson Deleon Others $34,000 94,100 $147,100 15,100 $30,100 13,100 $24,100 $33,100 5,100 $38,200 $34,000 Estimated Percentage Uncollectible 1% 5% 12% 24% 40% Total Estimated Bad Debts $ 29,308 $ 1,471 $ 1,505 $ 2,892 $ 8,160 $15,280 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,100. Your answer is correct. Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount 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. Date Account Titles and Explanation Credit Debit 1000 1. Mar. 31 Allowance for Doubtful Accounts Accounts Receivable 2. May 31 Accounts Receivable 1000 1000 Allowance for Doubtful Accounts (To reverse write-off) May 31 Cash 1000 1000 Accounts Receivable (To record collection of write off.) Debit Credit Allowance for Doubtful Accounts Date Explanation Ref. Dec 31, 2020 Balance Dec 31, 2020 Adjusting Balance 11,100 29,308 18,208 Mar. 31, 2021 28308 May 31, 2021 1000|| 29308 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. 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 $750 and the aging schedule indicates that total estimated bad debts will be $28,700. (Credit acco Date Account Titles Debit Credit Dec 31 Accounts Receivable 750 Allowance for Doubtful Accounts LINK TO TEXT

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