Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December 31, the company's fiscal year-end. The 2020 balance sheet disclosed the following Current assets: Receivables, net of allowance for uncollectible accounts of $33,000 $ 447.ee During 2021, credit sales were $1,765,000, cash collections from customers $1,845,000 and $38,000 in accounts receivable were written off. In addition, $3,300 was collected from a customer whose account was written off in 2020. An aging of accounts receivable at December 31, 2021, reveals the following Percentage of Year-End Percent Age Group Receivables in Group 0-60 days 70% 61-90 days 91-120 days Over 120 days 20 5 Uncollectible 5% 15 20 40 Record accounts receivable written off during the year 2021. Note: Enter debits before credits. General Journal Debit Credit Event 1 T 1 3 Record entry to reinstate an account receivable previously written off. Note: Enter debits before credits. Event General Journal Debit Credit 2 Journal entry worksheet