(Solved by Humans)-Problem P9-3A, Presented below is an aging schedule for Sycamore Company. Customer Total: Not Yet Du

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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