Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at Decembr 31, the company's fiscal year-end. The 2020 balance sheet disclosed the following: During 2021 , credit sales were $1,830,000, cash collections from customers $1,910,000, and $55,000 in accounts receivable were written off. In addition, $4.600 was collected from a customer whose occount was written off in 2020 . An aging of accounts receivable at December 31, 2021, reveals the following: Required: 1. Prepare summary journal entries to account for the 2021 write-offs and the collection of the receivable previously written off 2. Prepare the year-end adjusting entry for bad debts according to each of the following situations: a. Bad debt expense is estimated to be 2% of credit sales for the year. b. Bod debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carring value of accounts receivable to the amount of cash expected to be collected The allowance for uncollectible accounts is estirmated to be 10% of the year-end bolance in accounts receivable c. Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balarice thot reduces the cariymg value of accounts receivable to the amount of cash expected to be collected The allowance for uncollectible accounts is determined by an aging of accounts recelvable: 3. For stuations (a)(c) in requirement 2 above, what would be the net amount of accounts receivable reported in the 2021 bolance Journal entry worksheet Record accounts receivable written off during the year 2021. Note: Enter debits before credits. Journal entry worksheet Record entry to reinstate an account receivable previously written off. Note: Enter debits before credits. Journal entry worksheet Record collection of an account recelvable previously written off. Note: Enter debits before credits