Exercise 222 The December 31, 2021, balance sheet of the Blue Spruce Corp, had Accounts Receivable of $670,000 and a credit balance in Allowance for Doubtful Accounts of $34,000. During 2022, the following transactions occurred: sales on account $1,564,000: sales returns and allowances, $150,000, collections from customers, $1,290,000, accounts written off, $37,000, previously written off accounts of $8,000 were collected Journalize the 2022 transactions (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Accounts Receivable Swes Revenue (To record Credits Sales Returns and Alowances Accounts Receiva (To record credits to customers) Cash Accounts Receivable (To record collection of receivables) Allowance for Double Accounts Accounts Receivable Accounts Receivable Allowance for Doubtful Accounts To reverse write-off of account) cash Accounts Receivable (To record colection of account) HOW LINT OF ACCOUNTS If uw company was the percentage of receivables basis to estimate bad debt expense and determines that uncollectible accounts are expected to be of accochits receivable, what is the adjusting entry at December 31, 2022 (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31