5 ond 5 b. During 2021, credit sales were $1,320,000; sales discounts taken were $25,000; accounts receivable collected were $1,124,900, and accounts written off during the year totalled $26,000. Prepare the adjusting entry required on December 31, 2021, to estimate uncollectible receivables assuming it is based on the following aging analysis. December 31, 2021 Accounts Receivable $260,000 90,000 23,000 17,000 Age of Accounts Receivable Not due (under 30 days) 1 to 30 days past due 31 to 60 days past due Over 60 days past due Expected Percentage Uncollectible 1% 10% etlook Ask Pri trencars View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 December 31, 2021 Bad debt expense Allowance for doubtful accourts > Check my work