Presented below is an aging schedule for Halleran Company. Number of Days Past Due Not Yet Due Over 90 Total 1-30 31-60 61-90 Customer $23,400 $10,600 $12,800 Anders Blake Coulson Deleon Others 41,100 $41,100 56,000 15,100 35,000 5,500 $35,400 131,500 $287,000 94,600 15,500 15,000 $31,600 $35,000 6,400 $41,400 $150,800 $27,800 $35,400 Estimated Percentage Uncollectible Total Estimated Bad Debts 2% 5% 12% 25% 44% $34,998 3,016 1,580 3,336 8,850 $18,216 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 December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles Debit Credit
Dec. 31 Bad Debt Expense
Allowance for Doubtful Accounts