Presented below is an aging schedule for Windsor, Inc. at December 31, 2021. Number of Days Past Due Not Over 90 Customer Total Yet Due 1-30 31-60 61-90 Aneesh $ 22,500 $10,500 $12,000 Bird 34,000 $34,000 Cope 57,900 6,000 6,800 $45,100 DeSpears 33,400 $33,400 Others 126,400 95,000 16,800 14,600 $274,200 $135,000 $34,100 $26,600 $45,100 $33,400 Estimated percentage uncollectible 3% 7% 12% 24% 60% Total estimated uncollectibles $ 40,493 $ 4,050 $ 2,387 $ 3,192 $ 10,824 $20,040 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,100.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Presented below is an aging schedule for Windsor, Inc. at December 31, 2021.
Number of Days Past Due
Not
Over 90
Customer
Total
Yet Due
1-30
31-60
61-90
Aneesh
$ 22,500
$10,500
$12,000
Bird
34,000
$34,000
Соpe
57,900
6,000
6,800
$45,100
DeSpears
33,400
$33,400
Others
126,400
95,000
16,800
14,600
$274,200
$135,000
$34,100
$26,600
$45,100
$33,400
Estimated percentage uncollectible
3%
7%
12%
24%
60%
Total estimated uncollectibles
$ 40,493
$ 4,050
$ 2,387
$ 3,192
$ 10,824
$20,040
At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,100.
Transcribed Image Text:Presented below is an aging schedule for Windsor, Inc. at December 31, 2021. Number of Days Past Due Not Over 90 Customer Total Yet Due 1-30 31-60 61-90 Aneesh $ 22,500 $10,500 $12,000 Bird 34,000 $34,000 Соpe 57,900 6,000 6,800 $45,100 DeSpears 33,400 $33,400 Others 126,400 95,000 16,800 14,600 $274,200 $135,000 $34,100 $26,600 $45,100 $33,400 Estimated percentage uncollectible 3% 7% 12% 24% 60% Total estimated uncollectibles $ 40,493 $ 4,050 $ 2,387 $ 3,192 $ 10,824 $20,040 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,100.
Date
Account Titles
Debit
Credit
31, 2021 +
Bad Debt Expense
27393
Allowance for Doubtful Accounts
27393
Post the adjusting entry for bad debts at December 31, 2021.
Bad Debt Expense
12/31/21
27393
Allowance for Doubtful Accounts
12/31/21
27393
12/31/21 Bal.
Transcribed Image Text:Date Account Titles Debit Credit 31, 2021 + Bad Debt Expense 27393 Allowance for Doubtful Accounts 27393 Post the adjusting entry for bad debts at December 31, 2021. Bad Debt Expense 12/31/21 27393 Allowance for Doubtful Accounts 12/31/21 27393 12/31/21 Bal.
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