Kibul Company submitted the following 2021 information re: its accounts receivable: A/R balance, 1/1/21 Allowance for Doubtful Accounts (ADA) balance, 1/1/21 2021 sales on account 2021 cash collected on account 2021 write-offs $150,000 $20,000 $1,300,000 1,200,000 $50,000 10,000 2020 recoveries INSTRUCTIONS A. Journalize the above transactions and post to A/R and A/D/A T-accounts. B. Complete the aging analysis as of 12/31/21 below (in the bold boxes). C. Prepare an adjusting journal entry to record bad debt expense at 12/31/21 and post it to the necessary T-account. A. JOURNAL ENTRIES AND T-ACCOUNTS Event Accounts Debit Credit Accounts Receivable Allowance for Doubtful Accounts B. COMPLETING THE AGING Age of Account 0-30 days 31-60 days 61-90 days Over 90 days TOTALS A/R Balance Estimated Uncollectible % Uncollectible Amount $90,000 2% 45,000 10% 25,000 25% 60% C. BAD DEBT ADJUSTING ENTRY (refer to A/R T-account) Debit Credit