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ournalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $600 customer balance

ournalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

1. March 1, a $600 customer balance originating in 2021 is judged uncollectible.
2. May 1, a check for $600 is received from the customer whose account was written off as uncollectible on March 1.

No.

Date

Account Titles and Explanation

Debit

Credit

1.

choose a transaction date Mar. 1May 1Dec. 31

enter an account title to record the first transaction

enter a debit amount

enter a credit amount

enter an account title to record the first transaction

enter a debit amount

enter a credit amount

2.

choose a transaction date Mar. 1May 1Dec. 31

enter an account title to record the second transaction to reinstate the account previously written off

enter a debit amount

enter a credit amount

enter an account title to record the second transaction to reinstate the account previously written off

enter a debit amount

enter a credit amount

(To reinstate account previously written off)

enter an account title to record the second transaction

enter a debit amount

enter a credit amount

enter an account title to record the second transaction

enter a debit amount

enter a credit amount

Post to the allowance account these 2022 events. (Post entries in the order of journal entries posted in the previous part.)

Allowance for Doubtful Accounts

2021

12/31

Bal.

7,200

12/31

34,309

12/31

Bal.

41,509

2022

choose a transaction date 3/15/112/31

enter a debit amount

choose a transaction date 3/15/112/31

enter a credit amount

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List of Accounts

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Journalize the adjusting entry for bad debts at December 31, 2022, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,600 and the aging schedule indicates that total estimated bad debts will be $34,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit

enter an account title for the adjusting entry on December 31, 2022

enter a debit amount

enter a credit amount

enter an account title for the adjusting entry on December 31, 2022

enter a debit amount

enter a credit amount

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