An aging analysis of Lawn Limited's accounts receivable at December 31, 2021 and 2020, showed the following: Accounts Receivable Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Total 2021 $300,600 63,500 86,500 129,900 $580,500 Estimated Percentage Uncollectible 3% 6% 2020 $317.400 114,900 75,600 50,300 $558,200 12% 24% Additional information: 1. 2. At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $9,100. In 2021, $42,100 of accounts were written off as uncollectible and $3,200 of accounts previously written off were recovered. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2020 and 2021. Note that the estimated percentages uncollectible are the same for both years. Total estimated allowance balance at Dec. 31, 2020: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts 0-30 days $317.400 3% 31-60 days 114,900 6% 61-90 days 75,600 12% Over 90 days 50,300 24% $ Total $558,200 Total estimated allowance balance at Dec 31, 2021: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts 0-30 days $300,600 $ 3% 31-60 days 63,500 6% 61-90 days 86,500 12% Over 90 days 129.900 24% $ Total $580,500 Record the adjusting entry relating to bad debts on December 31, 2020. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit List of Accounts Record the write off of uncollectible accounts in 2021. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit List of count Record the collection of accounts previously written off in 2021. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To reverse write off of account receivable) (To record collections) Prepare the adjusting entry relating to bad debts on December 31, 2021. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit List of Accounts Calculate the carrying amount of Lawn's accounts receivable at December 31, 2020 and 2021. 2021 2020 Carrying amount I List of Accounts
