Uploaded imageAn aging schedule for Accounting companycustomer Totals: $285,000.total Est Bad Debts $42.610
At December 31, 2012, the unadjusted balance in allowance for doubtful accounts is a credit of $12,000
Instructions:
(a) Journalize and post theadjusting entry for bad debts at Dec 31, 2012
(b) Jounalize and post to the allowance account the following events and transaction in the year 2013.
1. March 31, a $1,000 customer balance orginating in 2012 is judged uncollectible.
2. May 31, a check for $1,000 is received from the customers whos account was written off as uncollectable on March 31.