Presented below is an aging schedule for Martinez Corp. at December 31, 2021.

Presented below is an aging schedule for Martinez Corp. at December 31, 2021. Number of Days Past Due Over Not Yet Due Customer Total 61-90 90 1-30 31-60 $9,300 $14,400 Aneesh $ 23,700 Bird 32,300 47,100 $32,300 5,000 Cope 4,800 $37,300 De Spears 41,600 $41,600 Others 117.700 71,000 34,100 12,600 $262,400 $108,300 $48,200 $27,000 $37,300 $41,600 Estimated percentage uncollectible 3% 7% 11% 24% 63% Total estimated bad debts $ 44,753 $3,249 $3,374 $2,970 $8,952 $26,208 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,700. 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 370 Allowance for Doubtful Accounts e Textbook and Media List of Accounts 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 $620 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $620 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit 1. 2. (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 12/31 Bal. 7,700 12/31 37,053 12/31 Bal. 44,753 2022 e Textbook 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 $1,300 and the aging schedule indicates that total estimated bad debts will be $33,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit