Presented below is an aging schedule for Buffalo Industries at December 31, 2021. Number of Days Past Due Not Yet Due Over 90 Customer 61-90 Total $ 24,100 1-30 31-60 $9,100 $15,000 Aneesh Bird 32,600 $32,600 Cope DeSpears Others 53,500 4,900 5,300 $43,300 34,300 $34,300 121,500 72,500 35,100 13,900 $266,000 $110,000 $49,500 $28,900 $43,300 $34,300 3% 7% 12% 26% 59% Estimated percentage uncollectible Total estimated bad debts $41,728 $3,300 $3,465 $3,468 $11,258 $20,237 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7.800. 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 $580 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $580 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 2021 Bal. 7.800 12/31 12/31 33,928 12/31 Bal. 41,728 2022 eTextbook and Media List of Accounts 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 $33,300. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit