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Presented below is an aging schedule for Pharoah Company at December 31, 2021. Number of Days Past Due Not Yet Due Customer Total 1-30 Over 90 31-60 61-90 Aneesh Bird Cope $ 22,000 $ 8,400 $13,600 30,400 $ 30,400 46,800 4,600 4,900 $37,300 35,600 $35,600 115,300 65,700 36,300 13,300 $250,100 $100,700 $49,600 $26,900 $37,300 $35,600 DeSpears Others Estimated percentage uncollectible 3% 7% 11% 24% 58% Total estimated bad debts $39,052 $3,021 $3,472 $2,959 $8,952 $20,648 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,300. Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful Accounts Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $570 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $570 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit (To reinstate account previously written off) 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 12/31 2021 8,300 30,752 12/31 12/31 Bal. 39,052 2022 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 $1.300 and the aging schedule indicates that total estimated bad debts will be $38,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit