Presented below is an aging schedule for Wildhorse Co.

Customer Total Not yet due 1-30 31-60 61-90 over 90

Anders $ 21,800 $10,400 $11,400

Blake 42,000 42,000

Coulson 56,100 15,400 6,200 $34,500

Deleon 34,400 34,400

other 131,600 94,700 17,100 14,400 5,400

---------- --------- ---------- ---------- ----------- ----------

$285.900 152,100 33,700 25,800 34,500 39,800

Estimated percentage uncollectible 2% 5% 13% 24% 55%

--------- ------- ------ ----- ------- -----------

Total estimated bad debts $38,251 $3,042 1,685 3,354 8,280 21,890

1)On March 31, a $1,300 customer balance originating in 2020 is judged uncollectible.

(2)On May 31, a check for $1,300 is received from the customer whose account was written off as uncollectible on March 31.

bad debt expense

12/31/20 Adj 25,351

12/31/20 bal. 25,351

Allowance for debt doubtful accounts

12/31/20 bal 11,400

12/31/20 adj 25,351

12/31/20 bal 38,251