Question 9 The Marigold Corp. uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 5% of accounts receivable will eventually be uncollectible. Selected account balances at December 31, 2021, and December 31, 2022, appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 12/31/2021 12/31/2022 $401,000 $537,000 90,000 130,000 4,300 Record the following events in 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Aug. 10 Sept. 12 Oct 10 Determined that the account of Kurt West for $1,500 is uncollectible. Determined that the account of Jill Lynch for $2,000 is uncollectible. Received a check for $490 as payment on account from Kurt West, whose account had previously been written off as uncollectible. Date Account Titles and Explanation Debit Credit Aug. 10 Allowance for Doubtful Accounts Accounts Receivable Sept. 12 Allowance for Doubtful Accounts Accounts Receivable Oct. 10 Accounts Receivable Allowance for Doubtful Accounts (To reinstate Kurt West account previously written off) Sept. 12 Allowance for Doubtful Accounts Accounts Receivable Accounts Receivable Allowance for Doubtful Accounts (To reinstate Kurt West account previously written off) Cash Oct. 10 Accounts Receivable (To record collection) Prepare the adjusting journal entry to record the bad debt provision for the year ended December 31, 2022. automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts What is the balance of Allowance for Doubtful Accounts at December 31, 2022?! Balance of allowance for Doubtful Accounts at December 31, 2022 Clicifv