Record the adjusting entry relating to bad debts on December 31, 2020

Record the write off of uncollectible accounts in 2021.

Record the collection of accounts previously written off in 2021

Prepare the adjusting entry relating to bad debts on December 31, 2021.

Calculate the carrying amount of Penny Worths accounts receivable at December 31, 2020 and 2021.

An aging analysis of Penny Worth Limited's accounts receivable at December 31, 2021 and 2020, showed the following: Accounts Receivable Number of Days Outstanding 0-30 days 31-60 days 61-90 days 2021 $301,300 Estimated Percentage Uncollectible 3% 2020 $319,200 113,800 76,400 6% 63,900 85,700 12% Over 90 days 129,900 49.500 24% Total $580,800 $558,900 Additional information: 1. At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $9,700. In 2021, $42,400 of accounts were written off as uncollectible and $2,700 of accounts previously written off were 2. recovered