Presented below is an aging schedule for Pearl Industries at December 31, 2021. Number of Days Past Due Not Yet Due Over 90 Customer Total 61-90 1-30 31-60 $ 8,200 $13,800 Aneesh Bird Cope $ 22,000 30,500 $30,500 46,000 5,300 36,200 126,000 78,500 $260,700 $114,300 DeSpears 4,500 $36,200 $36,200 34.400 13,100 $47,100 $26,900 $36,200 $36,200 7% 13% 26% 62% Others Estimated percentage uncollectible 3% $42,079 Total estimated bad debts $3,429 $3,297 $3,497 $9.412 $22.444 At December 31.2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,500. Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent ma Debit Credit Account Titles and Explanation Type here to search Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Done Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful Accounts Type here to search Allowance for Doubtful Accounts e Textbook and Media List of 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. Debit Credit No. Date Account Titles and Explanation 1. Type here to search (To reinstate account previously written off) e Textbook and Media List of Accounts 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 7.500 12/31 Bal 2021 12/31 34,579 42.079 12/31 Bal 2022 0436/-Bbc5 882904/assessments/21ab795-6420- 404-8723-5ed275 /question Allowance for Doubtful Accounts 2021 Bal. 7.500 12/31 12/31 34,579 12/31 Bal. 42.079 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 $1,200 and the aging schedule indicates that total estimated bad debts will be $38,400. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Type here to search
