An aging analysis of Macaron Limiteds accounts receivable at December 31, 2021 and 2020, showed the following:

	Accounts Receivable
Number of Days Outstanding	2021		2020	Estimated Percentage Uncollectible
030 days	$299,200		$322,400	3%
3160 days	64,300		113,700	6%
6190 days	86,200		75,400	12%
Over 90 days	130,700		49,900	24%
Total	$580,400		$561,400

Additional information:

1.		At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $8,500.
2.		In 2021, $41,800 of accounts were written off as uncollectible and $2,700 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
030 days		$322,400		3%		$
3160 days		113,700		6%
6190 days		75,400		12%
Over 90 days		49,900		24%
Total		$561,400				$

Total estimated allowance balance at Dec. 31, 2021:

Number of Days Outstanding	Accounts Receivable			Estimated Percentage Uncollectible		Estimated Uncollectible Accounts
030 days		$299,200		3%		$
3160 days		64,300		6%
6190 days		86,200		12%
Over 90 days		130,700		24%
Total		$580,400				$

List of Accounts

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 0 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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

List of Accounts

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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
(To reverse write off of account receivable)
(To record collections)

List of Accounts

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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

List of Accounts

Calculate the carrying amount of Macarons accounts receivable at December 31, 2020 and 2021.

		2021		2020
Carrying amount		$		$

List of Accounts