urgent

Ella Party Planning uses the balance sheet approach to estimate uncollectible receivables. The aging of receivables on December 31, 2021 is shown in part al Required al Calculate the required allowance for doubtful accounts Do not enter dollar signs or commas in the innut boxes Round all answers to the nearest whole number Aging Category Bad Debt Balance Required Allowance Under 30 days 10% $ 202,000 31-60 days 40% $56,000 01 - 90 days 25.0% $10,000 s More than 90 days 50.0% $5,000 Total $273,000 bi Prepare the journal entry on December 31, 2021 to record bad debt expense assuming the allowance account has a $3,200 credit balance Date Account Title and Explanation Debit Credit Dec 30 To record estimated bad debt for the year by Prepare the journal entry on December 31, 2021 to record bad debt expense assuming the allowance account has a $3,200 credit balance Date Account Title and Explanation Debit Credit Dec 31 . To record estimated bad debt for the year c) Prepare the journal entry on December 31, 2021 to record bad debt expense assuming the allowance account has a $22,000 credit balance Date Account Title and Explanation Debit Credit Dec 31 To record estimated bad debt for the year d) Prepare the journal entry on December 31, 2021 to record bad debt expense assuming the allowance account has a $1.200 debit balance. Account Title and Explanation Debit Credit Dec 31 To record estimated bad der for the year b) Prepare the journal entry on December 31, 2021 to record bad Date Account Title and Explanation Debit Dec 31 year c) Prep 2021 to record bad de Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense Allowance for Doubtful Accounts Bad Debt Expense Cash Notes Payable Notes Receivable Prepaid Insurance Prepaid Rent Date Debit Dec 31 year d) Prepare the journal entry on December 31, 2021 to record bad det Date Account Title and Explanation Debit Dec 31 > To record estimated bad debt for the year