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An aging analysis of Cullumber Company's accounts receivable at December 31, 2020 and 2021, showed the following: Accounts Receivable Number of Days Outstanding Estimated %

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An aging analysis of Cullumber Company's accounts receivable at December 31, 2020 and 2021, showed the following: Accounts Receivable Number of Days Outstanding Estimated % Uncollectible 2021 2020 0-30 days 2% $122.000 $150,000 31-60 days 6% 30,500 75,000 61-90 days 1496 61,000 45,000 Over 90 days 35% 91,500 30,000 Total $305,000 $300,000 Additional information: 1. At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $7.000. In 2021, $25,700 of accounts was written off as uncollectible and $2,400 of accounts previously written off was collected 2 Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2020, and at December 31, 2021. 2020 Number of Days Outstanding Estimated Uncollectible Amount % 0-30 days $150,000 2% 31-60 days 75,000 6% 61-90 days 45,000 14% Over 90 days 30,000 35% Total $300,000 $ 2021 Number of Days Outstanding Estimated Uncollectible Amount 0-30 days $122.000 2% 31-60 days 30.500 6% 2021 Number of Days Outstanding Estimated Uncollectible Amount % 0-30 days $122,000 2% $ 31-60 days 30,500 6% 61-90 days 61,000 14% Over 90 days 91,500 35% Total $305,000 $ e Textbook and Media List of Accounts Calculate the carrying amount of Cullumber's accounts receivable at December 31, 2020, and December 31, 2021. 2020 2021 Carrying amount $ $ e Textbook and Media List of Accounts Record the following: 1. The adjusting entry on December 31, 2020, The write off of uncollectible accounts in 2021. 2. 3. The collection in 2021 of accounts previously written off. 4. The adjusting entry on December 31, 2021. Account Titles and Explanation Debit Credit 1. (To record estimate of uncollectible accounts.) 2 . (To record writeoff of accounts receivable.) 3. (To reverse write off.) (To record collection of previously written-off accounts.) 4. (To record collection of previously written-off accounts.) 4. (To record estimate of uncollectible accounts.) e Textbook and Media List of Accounts Attempts: 0 Save for Later

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