Mers Canvas Limited had a 51.600 credit balance in Allowance for Doubtful Accounts at December 31, 2022. before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage collectible Current Accounts $300,000 30.000 1-30 days past due 3 31-60 days past due 16.000 61.90 days pastor 10.000 Ower 90 day past de Total Accoonscente 12000 Over 90 days past due 30% Total Accounts Receivable 5368.000 Instructions ta) Prepare the adjusting entry at December 31, 2022, to recognize bad debts expense. (b) Assume the same facts as above except that the Allowance for Doubtful Accounts account had an $1.600 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's bad debts You are to complete the questions above on appropriate separate documents. Acceptable formats include word document, excel documents, documents written by hand scanned and uploaded as a pdf or jpeg title or any template you have access to that fulfil the question requirements. You will then upload this or drag and drop the file) into the upload box at the bottom of this question box