Aging Method Spotted Singer Ltd. sells karaoke machines to businesses and consumers via the Internet. On December 31, 2021, Spotted Singer has an accounts receivable balance of $271,000 and a credit balance in its allowance for doubtful accounts of $24,390. During 2022, Spotted Singer had $1,080,000 of credit sales, collected $150,000 of accounts receivable, and had customer defaults of $22,400. At year-end, an aging analysis indicates that $29,800 of Spotted Singer's receivables will be uncollectible. Required: 1. Calculate Spotted Singer's balance in accounts receivable on December 31, 2022, prior to the adjustment. $ 2. Calculate Spotted Singer's balance in allowance for doubtful accounts on December 31, 2022, prior to the adjustment. $ 1,990 Feedback Check My Work 1. and 2. Using T-accounts, start with the balance at the beginning of the year and make the necessary debits and/or credits for the transactions that occurred during the year. See Cornerstone 5-3. Learning Objective 4. 3. Prepare the necessary adjusting entry for 2022. Account and Explanation Debit Credit Bad Debt Expense Allowance for Doubtful Accounts