Cakulate and joumalize the bad debt tecognition in each of the independent siturtions pven Union Company Net Credit Sales for the period lanuary 1,2022 to Lanuary 31, 2022 \$. 198,791: Aged Recelvables Report as of January 31, 2022 0.30daripastdue31.60darnpastdue6190darspastdueOver90darapantdue5.40,475;58.910$ 4.191 s 1,017 Total balance of Accounts Heceivabie $54,593 Calculate bad debt recognized in the period and journalize the entry for each of the situations given. SHOW YOUR CALCULATIONSI 1) The company uses income Statement Method and has determined that 3% is a reatonable essinate of the amount of bad debts contained in the Net Credit Sales. a) The amount of bad debt recognized it the Allowance of Doubtful Accounts currenthy has a Credit balance of \$557 b) The amount of bad debt recoenised if the Allowance of Doubeful Accounts currently has a Debit batance of 5557 Journalize each of the independent scenarios. 2): The company uses Balance Sheet Method and has determined that AS is a reasonuble extmute of the amount of bad debts contained in the Accounts fieceivable account. c) The amount of bad debt recognixed if the Allowance of Doubtful Acceunts carrently has a Credit balance of 5557 d) The amount of bad debt recognised if the Allowance of Doubtful Accounts currently has a Debit balance of S55? Journalize each of the independent scenarios. 3) The company uses Balance Sheet Aging of Rectevables Mrthod Use the table below, percentage of bad debt in each categorr, to help vou do the cilculations. e) The amount of bad debt recognitred if the Allowance of Doubtfut Actounts currenthy has a Creda balance of 555 ? f) The amount of bad debt recognized if the Allowance of Doubtul Accounts currently hws a Devit balance of $557 Journalize each of the independent scenarios. CHECK HIGURE: 20,570,70 Mdd the calculated Bad Debt from all 6 scenarios. Whitch roundine. Irounded all my calculationt to 2 diets