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

Customer		Total		Not Yet Due		Number of Days Past Due
						130		3160		6190		Over 90
Aneesh		$ 24,800				$ 9,300		$15,500
Bird		31,600		$ 31,600
Cope		50,100		5,100		5,100				$39,900
DeSpears		34,700										$34,700
Others		116,700		71,400		33,400		11,900
		$257,900		$108,100		$47,800		$27,400		$39,900		$34,700
Estimated percentage uncollectible				3%		6%		13%		25%		63%
Total estimated bad debts		$ 41,509		$ 3,243		$2,868		$3,562		$ 9,975		$21,861

At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,200.

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
enter an account title for the adjusting entry on December 31, 2021	enter a debit amount	enter a credit amount
enter an account title for the adjusting entry on December 31, 2021	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

Post the adjusting entry for bad debts at December 31, 2021.

Bad Debts Expense
choose a transaction date 12/3112/31 Bal.	enter a debit amount	choose a transaction date 12/3112/31 Bal.	enter a credit amount
choose the end date of the accounting period 12/3112/31 Bal.	enter a debit balance	choose the end date of the accounting period 12/3112/31 Bal.	enter a credit balance
Allowance for Doubtful Accounts
choose a transaction date 12/3112/31 Bal.	enter a debit amount	choose a transaction date 12/3112/31 Bal.	enter a credit amount
choose a transaction date 12/3112/31 Bal.	enter a debit amount	choose a transaction date 12/3112/31 Bal.	enter a credit amount
choose the end date of the accounting period 12/3112/31 Bal.	enter a debit balance	choose the end date of the accounting period 12/3112/31 Bal.	enter a credit balance

eTextbook 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 $600 customer balance originating in 2021 is judged uncollectible.
2.	May 1, a check for $600 is received from the customer whose account was written off as uncollectible on March 1.

No.	Date	Account Titles and Explanation	Debit	Credit
1.	choose a transaction date Mar. 1May 1Dec. 31	enter an account title to record the first transaction	enter a debit amount	enter a credit amount
		enter an account title to record the first transaction	enter a debit amount	enter a credit amount
2.	choose a transaction date Mar. 1May 1Dec. 31	enter an account title to record the second transaction to reinstate the account previously written off	enter a debit amount	enter a credit amount
		enter an account title to record the second transaction to reinstate the account previously written off	enter a debit amount	enter a credit amount
		(To reinstate account previously written off)
		enter an account title to record the second transaction	enter a debit amount	enter a credit amount
		enter an account title to record the second transaction	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts