Quction View Policies Current Attempt in Progress Presented below is an aging schedule for Sheffield Corp. at December 31, 2021. Customer Aneesh Bird Number of Days Past Due Not Yet Total Due 1-30 31-60 61-90 90 $ 23,700 $ 9,900 $13,800 28,700 $ 28,700 53,000 5,000 5,100 40,400 $40,400 120,700 76,900 31,600 12.200 $266,500 $110,600 $46,600 $26,000 $42,900 $40,400 Cope $42 900 DeSpears Others Estimated percentage uncollectible 3% 7% 13% 23% 6296 Total estimated bad debts $44,875 $3,318 $3.262 $3,380 $9,867 $25,048 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is acredit of $7.600. uncollectible Total estimated bad debts $44,875 $3,318 $3.262 $3.380 $9.867 $25.048 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,600 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 Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually) 1. March 1, a $560 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $560 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit To reinstate account previously written off) e Textbook and Media 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 12/31 Bal. 2021 7,600 37.275 12/31 12/31 44,875 2022 e Textbook and Media List of Accounts