Presented below is an aging schedule for Ivanhoe Company at December 31, 2021. Number of Days Past Due Over Customer Total Not Yet Due 1-30 31-60 61-90 90 Aneesh $ 23,700 $8,700 $15,000 Bird 27,900 $ 27,900 Cope 53,500 4,900 4,900 $43,700 DeSpears 38,500 $38,500 Others 126,300 77,500 36,600 12,200 $269,900 $110,300 $50,200 $27,200 $43,700 $38,500 Estimated percentage uncollectible 3% 8% 12% 24% 61% Total estimated bad debts $ 44,562 $3,309 $4,016 $3,264 $ 10,488 $23,485 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,900. Your answer is partially correct. 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 Bad Debt Expense 9655 Allowance for Doubtful Accounts 9655 Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful Accounts V