Question: Exercise 227 On December 31, 2021, when its Allowance for Doubtful Accounts had a credit balance of $2,000, Cheyenne Corp. estimates that 7% of its

Exercise 227 On December 31, 2021, when its Allowance for Doubtful Accounts had a credit balance of $2,000, Cheyenne Corp. estimates that 7% of its accounts receivable balance of $95.900 will become uncollectible. On March 3, 2022, Cheyenne Corp. determined that Megan Jost's account of $970 was uncollectible. On May 15, 2022, Jost paid the amount previously written off. Prepare the journal entries for December 31, 2021, March 3, 2022 and May 15, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (Toreirate an account previously written om To record payment on account in full)

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