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Problem 8-03A a-c (Part Level Submission) (Video) Presented below is an aging schedule for Sheffield...

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Problem 8-03A a-c (Part Level Submission) (Video) Presented below is an aging schedule for Sheffield Corp.. Number of Days Past Due Not Over Customer Total Yet Due 1-30 31-60 61-90 90 Anders $ 22,300 $10,500 $11,800 Blake 40,600 $ 40,600 Coulson 57,600 16,900 6,700 $34,000 Deleon 33,500 $33,500 Others 133,200 96,600 16,700 13,600 6,300 $287,200 $154,100 $33,900 $25,400 $34,000 $39,800 Estimated Percentage 1% 6% 13% 25% 55% Uncollectible Total Estimated Bad $ 37,267 37.267 $1,541 $2,034 Debts $3,302 $ 8,500 $21,890 At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,200. (a) Journalize and post the adjusting entry for bad debts at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Bad Debt Expense Allowance for Doubtful Accounts (5) (9)

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