Question: For 2 0 2 1 , Olena Mirrors records bad debt using the allowance, income statement method. Theyrecorded $ 3 4 3 , 1 6

For 2021, Olena Mirrors records bad debt using the allowance, income statement method. Theyrecorded $343,160 in accounts receivable for the year and $577,930 in credit sales. The uncollectiblepercentage is 4.4%.On May 10, Olena Mirrors identifies one uncollectible account from Elsa Sweeney in the amount of$2,870.On August 12, Elsa Sweeney unexpectedly pays $1,441 toward her account. Record journal entries forthe following.A. Year-end adjusting entry for 2021 bad debtB. May 10,2022 identification entryC. Entry for payment on August 12,2022

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