CES EPresented below is an aging schedule for Halleran Company Number of Days Pa

Question

CES EPresented below is an aging schedule for Halleran Company Number of Days Past Due Not TotalYet Duea031-60 61909 y Anders $ 23,900 $10,300 $13,600 39,200 $ 39,200 57,000 16,200 5,300 33,400 $35,500 Coulson Deleon $33,400 5,100 $282,200 $149,600 $31,300 $27,300 $35,500 $38,500 128,700 94,200 15.700 13,700 Estimated Percentage Uncollectible 3% 5% 14% 24% 46% Total Estimated Bad s 36,105 $4,488 $1,565 $3,822 $8,520 $17,710 At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,500 Journalize and post the adjusting entry for bad debts at Decemb Date Account Titles Debit Credit Dec. 31, 2018 Accounts Receivable sPolicy | 2000-20 Inc All Rights A Division of 2ohn wiles

Explanation / Answer

Total Bad debts estimated      36,105 Less: Balance in allowance account      11,500 Bad debts expense      24,605 Date Accounts Titles Debit Credit Dec 31, 2018 Bad debts Expense $ 24,605 Allowance for doubtful accounts $        24,605 Allowance for doubtfull accounts 11500 Beg Balance 24605 Curr Prov 36105 End Balane

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