Presented below is an aging schedule for Splish Brothers Inc. at December 31, 2021. Number of Days Past Due Over 90 Customer Not Yet Due Total 1-30 31-60 61-90 Aneesh $ 25,100 $8,700 $16,400 Bird 31,000 $ 31,000 Cope 47,400 4,500 4,900 $38.000 DeSpears 36,100 $36,100 114.900 Others 67.000 34.500 13.400 $254,500 $102,500 $48,100 $29,800 $38,000 $36,100 3% 7% 12% 22% 58% Estimated percentage uncollectible $ 3,075 $39,316 $3,367 $3,576 $8,360 $20.938 Total estimated bad debts At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,400. 71 2071 fmdit account titles are automatically indentedwch 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 e Textbook and Media Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense V Allowance for Doubtful Accounts v Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $660 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $660 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Cred 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. 8.400 12/31 30,916 12/31 Bal. 39,316 2022 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 $35,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media