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Presented below is an aging schedule for Carla Vista Co. at December 31, 2021. Number of Days Past Due Total Not Yet Customer Total Due 1 -30 Over 90 31-60 61-90 Aneesh $ 9,000 $15,400 $ 24,400 29,400 $ 29,400 Bird Cope 50,100 5,400 4,700 $40,000 DeSpears Others 39,600 $39,600 122,400 71,700 38,000 12,700 $265,900 $106,500 $51,700 $28,100 $40,000 $39,600 Estimated percentage uncollectible 3% 7% 13% 23% 54% Total estimated bad debts $ 41,051 $3,195 $3,619 $3,653 $ 9,200 $21,384 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,700. Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense 12/31 12/31 A 32351 12/31 Bal. A 32351 Allowance for Doubtful Accounts 12/31 41051 8700 12/31 Bal. A 32351 Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $540 customer balance originating in 2021 is judged uncollectible. 2. May 1, a check for $540 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit 1. (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. 8,700 12/31 32,351 12/31 Bal. 41,051 2022

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