22] HTM240NHB - Koumarelas Katelyn Party Planning uses the balance sheet approach to estimate uncollectible receivables. The aging of receivables on December 31, 2021 is shown in part a). Required a) Calculate the required allowance for doubtful accounts. "Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Aging Category Bad Debt % Balance Required Allowance Under 30 days 2.0% $189,000 $ 31-60 days 6.0% $60,000 $ 61-90 days 10.0% $19,000 $ More than 90 days 70.0% $5,000 $ Total $273,000 $ b) Prepare the journal entry on December 31, 2021 to record bad debt expense assuming the allowance account has a $2,800 credit balance. ge b) Prepare the journal entry on December 31, 2021 to record bad debt expense assuming the allowance account has a $2,800 credit balance. Date Dec 31 Account Title and Explanation Debit = Credit C AP To record estimated bad debt for the year c) Prepare the journal entry on December 31, 2021 to record bad debt expense assuming the allowance account has a $18,000 credit balance. Date Dec 31 Account Title and Explanation + Debit Credit tly sunny + To record estimated bad debt for the year d) Prepare the journal entry on December 31, 2021 to record bad debt expense assuming the allowance account has a $2,300 debit balance. Date Account Title and Explanation Debit Dec 31 4 O Credit