Presented below is an aging schedule forTeal Mountain Inc.at December 31, 2021.

CustomerTotalNot Yet

DueNumber of Days Past Due

1-3031-6061-90Over

90Aneesh$22,700$8,600$14,100Bird28,100$28,100Cope49,9005,4004,800$39,700DeSpears41,300$41,300Others120,200

70,900

36,800

12,500

$262,200

$104,400

$50,200

$26,600

$39,700

$41,300

Estimated percentage

uncollectible3%

6%

12%

22%

65%

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

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

12/31

12/31Bal.

enter a debit amount

choose a transaction date

12/31

12/31Bal.

enter a credit amount

choose the end date of the accounting period

12/31

12/31 Bal.

enter a debit balance

choose the end date of the accounting period

12/31

12/31Bal.

enter a credit balance

Allowance for Doubtful Accounts

choose a transaction date

12/31

12/31Bal.

enter a debit amount

choose a transaction date

12/31

12/31Bal.

enter a credit amount

choose a transaction date

12/31

12/31Bal.

enter a debit amount

choose a transaction date

12/31

12/31 Bal.

enter a credit amount

choose the end date of the accounting period

12/31

12/31Bal.

enter a debit balance

choose the end date of the accounting period

12/31

12/31 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 $590customer balance originating in 2021 is judged uncollectible.2.May 1, a check for $590is 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. 1

May 1

Dec. 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. 1

May 1

Dec. 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

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

202112/31Bal.7,900

12/3137,015

12/31Bal.44,915

2022choose a transaction date

3/1

5/1

12/31

enter a debit amount

choose a transaction date

3/1

5/1

12/31

enter a credit amount

eTextbook 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 $1,200and 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.)