Presented below is an aging schedule for Waterway Industries at December 31, 2021. Number of Days Past Due Not Yet Due Over 90 1-30 61-90 Customer Aneesh Total $ 24,500 28,700 31-60 $15,400 $ 9,100 Bird $ 28,700 5.000 4,600 $39,300 Cope De Spears Others 48,900 40,000 123,600 $40,000 75,800 33,500 14.300 $265,700 $109,500 $47,200 $29,700 $39,300 $40,000 3% 7% 11% 24% 57% Estimated percentage uncollectible Total estimated bad debts $ 42,088 $3,285 $3,304 $3,267 $ 9,432 $22,800 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,600. 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 List of Accounts Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense 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 $650 customer balance originating in 2021 is judged uncollectible. May 1, a check for $650 is received from the customer whose account was written off as uncollectible on March 1. 2. No. Date Account Titles and Explanation Debit 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. 8,600 33,488 12/31 12/31 Bal. 42,088 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 $1,400 and the aging schedule indicates that total estimated bad debts will be $37,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts