2 of 2 < View Policies < Current Attempt in Progress Presented below is an aging schedule for Cheyenne Corp. at December 31, 2021. Number of Days Past Due Customer Total Not Yet Due Over 90 1-30 31-60 61-90 Aneesh $22,400 $10,100 $12,300 Bird 36,600 $36,600 Cope 57,800 5,400 7,000 DeSpears Others 33,300 $45,400 $33,300 126,600 96,800 15,900 13,900 $276,700 $138,800 $33,000 $26,200 $45,400 $33,300 Estimated Percentage Uncollectible 3% 7% 12% 24% 60% Total Estimated Bad Debts $40,494 $4,164 $2,310 $3,144 $ 10,896 $19,980 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,200. -/5 E (a) Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Post the adjusting entry for bad debts at December 31, 2021. Bad Debt Expense eTextbook and Media List of Accounts Save for Later Allowance for Doubtful Accounts Debit Cr Attempts: 0 of 5 used Submit Answer (b) Journalize the following events and transactions in the year 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) March 1, a $1,000 customer balance originating in 2021 is judged uncollectible. (2) May 1, a check for $1,000 is received from the customer whose account was written off as uncollectible on March 31. No. Date Account Titles and Explanation (1) (2) > (To reverse write-off) (To record collection of write-off) Post to the allowance account the events and transactions in the year 2022. 12/31/21 Adj. 12/31/21 Bal. eTextbook and Media List of Accounts Save for Later Bad Debt Expense 29,294 29,294 Allowance for Doubtful Accounts Debit 12/31/21 Bal. 11,200 12/31/21 Adj. 29,294 12/31/21 Bal. 40,494 Attempts: 0 of 5 used Submit