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The December 31, 2021, balance sheet of the Sunland Company had Accounts Receivable of $650,000 and a credit balance in Allowance for Doubtful Accounts of

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The December 31, 2021, balance sheet of the Sunland Company had Accounts Receivable of $650,000 and a credit balance in Allowance for Doubtful Accounts of $34,000. During 2022, the following transactions occurred sales on account $1,578,000, sales returns and allowances, $102,000, collections from customers, 51,333,000 accounts written off, 539,000, previously written off accounts of $8,000 were collected Journalize the 2022 transactions. (Credit account titles are automatically indented when the amount is entered. De not intent analy) Account Titles and Explanation Debit Credit Accounts Receivable Sales Revenue (to record credit) Sales Returns and towances Accounts activable To record credits to customer (Turecord stadion of the pen ( WERO Spoon to reverse toff of account) to record section of a WLINY OF ACCOUNTS If the company was the percentage of receivables basis to estimate bad debt expense and determines that uncollectible accounts are wpected to be of accounts receivable, what is the adjust untry at December 31, 20227 Credit account titles are automatically indented when the amount wentered. Do not intent manually.) Date Account Thies and Explanation Debit Credit

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