Presented below is an aging schedule for Teal Mountain Inc. at December 31, 2021. Number of Days Past Due Not Yet Over 90 Total Due 1-30 61-90 Customer Aneesh Bird 31-60 $14,100 $ 22,700 $8.600 28.100 $ 28,100 5,400 Cope 49,900 4.800 $39,700 DeSpears 41,300 $41,300 Others 120.200 70.900 36,800 12,500 $262,200 $104.400 $50,200 $26,600 $39,700 $41,300 39 6% 12% 22% 65% Estimated percentage uncollectible Total estimated bad debts $44.915 $3,132 $3,012 $3,192 $8,734 $26.845 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,900. 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 eTextbook and Media List of Accounts Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful Accounts 7 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 $590 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $590 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credi 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. 7,900 12/31 37,015 12/31 Bal. 44,915 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 $34.500. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts