Questo 24 Not yet Marked out of 10.00 Flag question Mel's Canvas Limited had a $1,600 credit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible Current Accounts $300,000 196 1:30 days past due 30,000 31-60 days past due 16,000 61-90 days past due 10,000 12% Over 90 days past due 12.000 30% Total Accounts Receivable 5368.000 3% 6% Instructions () Prepare the adjusting entry at December 31, 2022, to recognize bad debts expenses 0) Assume the same facts as above except that the Allowance for Doubtful Accounts account had an $1,600debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's bad debts. You are to complete the questions above on appropriate separate documents). Acceptable formats include word document, excel documents, documents written by hand (scanned and uploaded as a pdf or pegfile), or any template you have access to that fits the question requirements. You will then upload this or drag and drop the file(s) into the upload box at the bottom of this question to