Presented below is an aging schedule for Skysong Company at December 31, 2021. Number of Days Past Due Customer Total Not Yet Due Over 90 1-30 31-60 61-90 Anders $25,300 $11,400 $13,900 Blake 40,500 $40,500 Coulson Deleon 55,300 15,500 5,700 $34,100 35,000 $35,000 Others 131,700 95,400 16,000 14,000 6,300 $287,800 $151,400 $33,100 $27,900 $34,100 $41,300 Estimated Percentage Uncollectible 1% 5% 13% 26% 45% Total Estimated Bad Debts $ 34,247 $ 1,514 $1,655 $3,627 $8,866 $18,585 Your answer is correct. Journalize and post the adjusting entry for uncollectibles at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts Bad Debts Expense Date Debit 22647 Credit Explanation Ref. Debit Credit Balance 22647 Dec. 31 Adjusting Allowance for Doubtful 22647 22647 Accounts Date Explanation Ref. Debit Credit Balance Dec. 31 Balance 11600 Dec. 31 Adjusting 22647 34247 Journalize and post to the allowance account these 2022 selected events and transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. On March 31, a $1,200 customer balance originating in 2021 is judged uncollectible. 2. On May 31, a check for $1,200 is received from the customer whose account was written off as uncollectible on March 31. No. Date Account Titles and Explanation Mar. 1. Allowance for Doubtful Accounts 31 Accounts Receivable Debit 1200 May 2. Accounts Receivable 31 1200 Accounts Receivable Allowance for Doubtful Accounts (To reverse write-off) May 1200 Cash 31 Accounts Receivable (To record collection of write off.) Credit 1200 1200 1200 c) Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec. 31, Balance 11,600 2021 Dec. 31, Adjusting 22,647 34,247 2021 Mar. 31, 2022 May 31, 2022 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 5 used Submit Answer