Problem
Presented below is an aging schedule for Bosworth Company.
| Number of Days Past Due |
| Customer |
Total |
Not Yet Due |
1-30 |
31-60 |
61-90 |
Over 90 |
| Aneesh |
$31,000 |
|
$11,000 |
$20,000 |
|
|
| Bird |
37,800 |
$37,800 |
|
|
|
|
| Cope |
56,400 |
8,500 |
8,500 |
|
$39,400 |
|
| DeSpears |
46,400 |
|
|
|
|
$46,400 |
| Others |
157,400 |
93,900 |
47,400 |
16,100 |
|
|
| |
$329,000 |
$140,200 |
$66,900 |
$36,100 |
$39,400 |
$46,400 |
| Estimated percentage uncollectible |
|
4% |
9% |
15% |
23% |
65% |
| Total estimated bad debts |
$56,266 |
$5,608 |
$6,021 |
$5,415 |
$9,062 |
$30,160 |
At December 31, 2013, the unadjusted balance in Allowance for DoubTul Accounts is a credit of $6,800.Journalize the adjusting entry for bad debts at December 31, 2013.