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During the year ended December 31, 2021, Kelly's Camera Shop had sales revenue of 5215,000, of which $107500 wordt the start of 2021, Accounts Receivable showed a $11,000 debt balance and the lowance for Double Accounts showed a 1000 credit balance. Collections of accounts receivable during 2021 mounted to $77000 Data during 2021 follow a On December 10, a customer balance of $1950 from a prior year was determined to be uncollection, so was witno On December 31, a decision was made to continue the accounting policy of being estimated bad debitores on 2 percenter sales for the year Required: 1. Give the required journal entries for the two events in December 2-a. Show how the amounts related to Bed Debt Expense would be reported on the income statement 2-6. Show how the amounts related to Accounts Receivable would be reported on the balance sheet 3. On the basis of the data available, does the 2 percent rate appear to be reasonable? Complete this question by entering your answers in the tabs below. Reg Reg 2A R 25 Red Give the required journal entries for the two events in December. If no entry is reed for transaction wint, auctor Entry Required in the first account in) View transaction et in the first account field.) in December. (If no entry is required for a transaction/ex 04:10:38 View transaction list Journal entry worksheet eBook 2 Hint Record the write-off of a certain customer account from a prior year which is not collectible totaling $1,950. int Note: Enter debits before credits. ces Date December 10, 2021 General Journal Debit Credit Record entry Clear entry View general Journal mars for the events in December of Baby Required in the counted View transaction et Journal entry worksheet Record the estimated bad debt losses at 2 percent of credit sales for the year. Notes de efore credit . Gunet Journal Debat December 31, 2021 Record entry Clear entry View general journal 04:10:00 Complete this question by entering your answers in the tabs below. eBook Reg 1 Req 2A Reg 28 Reg 3 Hint Show how the amounts related to Bad Debt Expense would be reported on the income statement. Kelly Cam Shop Income un artial Year ending December 31, 2021 Operating Expenses Print References 1 t Give the required journal entries for the two events in December 2- Show how the amounts related to Bed Debt Expense would be reported on the income went 2.1. Show how the amounts related to Accounts Receivable would be reported on the balance sheet 1. On the basis of the data available, does the 2 percent reappear to be 10 ints Complete this question by entering your answers in the the below 3 DOO 1 Reg 2A Reg 20 RA Show how the amounts related to Armounts Receivable would be reported on the balance sheet aan het Al Decembar 1 to Current Assets Give the required journal entries for the two events in December 2- Show how the amounts related to Bad Debt Expense would be reported on the income statement 2. Show how the amounts related to Accounts Receivable would be reported on the balance sheet 3. On the basis of the data available, does the percent rate appear to be reasonable? Complete this question by entering your answers in the tabs below. Het Reg 2A Reg 28 NG On the basis of the data available, does the 2 percent rate appear to be reasonable? Does the 2 percent rate appear to be reasonable?