At December 31, 202, ule UdUJUSLU UMEHAUWBILL IUIUUUULUM Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when am entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful Accounts Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $620 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $620 is received from the customer whose account was written off as uncollectible on March 1. Debit Credit No. Date Account Titles and Explanation 1. Dec 31 Bad Debt Expense (To reinstate account previously written off) Post to the allowance account these 2022 events. (Post entries in the order of Journal entries posted in the previous part) Allowance for Doubtful Accounts 12/31 2021 7,500 Bal. 12/31 34,579 12/31 Bal. 42.079 2022 Journalize the adjusting entry for bad debts at December 31, 2022, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1.200 and the aging schedule indicates that total estimated bad debts will be $38,400. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit Debit