Kimmel, Accounting, 7e PRIN. OF ACCT I&II (ACCT 10:14 PM / Remaining: 112 min. CALCULATOR BACH Question 3 The Windsor, Inc. uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 7% of accounts receivable will eventually be uncollectible. Selected account balances at December 31, 2021, and December 31, 2022, appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 12/31/2021 $448,000 93,000 5,200 12/31/2022 $592,000 140,000 Record the following events in 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record four entries in the order presented in the problem.) Aug. 10 Sept. 12 Oct. 10 Determined that the account of Kurt West for $1,200 is uncollectible. Determined that the account of Jill Lynch for $2,700 is uncollectible. Received a check for $410 as payment on account from Kurt West, whose account had previously been written off as uncollectible Date Account Titles and Explanation Debit Credit (To reinstate Kurt West account previously written off) Show All A ACCT 2101 Peer... ACCT 2101 Peer...xlsx A ACCT 2101 Peer...mx e: 10:14 PM / Remaining: 112 min. (To reinstate Kurt West account previously written off) (To record collection) Prepare the adjusting journal entry to record the bad debt provision for the year ended December 31, 2022. (Credit account til the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit What is the balance of Allowance for Doubtful Accounts at December 31, 2022? Balance of allowance for Doubtful Accounts at December 31, 2022 Click if you would like to Show Work for this question: Open Show Work