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

Accounts Receivable Number of Days Outstanding Estimated %Uncollectible 2021 2020 030 days 3% 126,000 155,000

3160 days 7% 31,500 77,500 6190 days 13% 63,000 46,500 Over 90 days 40% 94,500 31,000 Total $315,000 $310,000

Additional information:

1.		At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $6,200.
2.		In 2021, $26,700 of accounts was written off as uncollectible and $2,700 of accounts previously written off was collected.

Record the following:

1.		The adjusting entry on December 31, 2020.
2.		The write off of uncollectible accounts in 2021.
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 estimate of uncollectible accounts.)