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

						Accounts Receivable
Number of Days Outstanding		Estimated % Uncollectible				2021		2020
030 days			1%			$126,000		$155,000
3160 days			8%			31,500		77,500
6190 days			12%			63,000		46,500
Over 90 days			35%			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 $6,100.
2.		In 2021, $27,500 of accounts was written off as uncollectible and $2,700 of accounts previously written off was collected.

Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2020, and at December 31, 2021.

2020
Number of Days Outstanding		Amount				%				Estimated Uncollectible
030 days			$155,000				1%			$
3160 days			77,500				8%
6190 days			46,500				12%
Over 90 days			31,000				35%
Total			$310,000							$

2021
Number of Days Outstanding		Amount				%				Estimated Uncollectible
030 days			$126,000				1%			$
3160 days			31,500				8%
6190 days			63,000				12%
Over 90 days			94,500				35%
Total			$315,000							$

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

		2020		2021
Carrying amount		$		$

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.

(Credit account titles are automatically indented when the 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
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.)