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Presented below is an aging schedule for Blossom Company at December 31, 2021. Number of Days Past Due Not Yet Due Customer 1-30 31-60 Over 90 61-90 Total $ 23,500 Aneesh $ 9,400 $14,100 Bird 28,400 $28,400 Cope 48,900 4,600 5,000 $39,300 De Spears 39.100 $39.100 Others 118,900 69,500 $258,800 $102,500 35,300 14,100 $49,700 $28,200 $39,300 $39,100 Estimated percentage uncollectible 3% 6% 12% 26% 55% Total estimated bad debts $41,164 $3,075 $2,982 $3,384 $ 10,218 $21,505 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,900. Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense Allowance for Doubtful Accounts List of Accounts Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful Accounts Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $610 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $610 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit 1. 2. (To reinstate account previously written off) Post to the allowance account these 2022 events. (Post entries in the order of journal entries posted in the previous part.) Allowance for Doubtful Accounts 2021 12/31 Bal. 7.900 12/31 33,264 12/31 Bal. 41,164 2022 Journalize the adjusting entry for bad debts at December 31, 2022, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,200 and the aging schedule indicates that total estimated bad debts will be $34,600. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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