Presented below is an aging schedule for Ivanhoe Company at December 31, 2021. Customer Aneesh Bird Number of Days Past Due Not Yet Over Total Due 1-30 31-60 61-90 90 $23.700 $8,700 $15,000 27.900 $ 27,900 53,500 4,900 4,900 $43.700 38.500 $38.500 126,300 77,500 36,600 12,200 $249,900 $110,300 $50,200 $27.200 $43,700 $38.500 Cope De Spears Others Estimated percentage un collectible 3% 8% 12% 24% 61% Total estimated bad debts $44562 $3,309 $4,016 $3.264 $10.488 $23,485 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 e Textbook and Media List of Accounts Post the adjusting entry for bad debts at December 31, 2021. Bad Debts Expense Allowance for Doubtful Accounts Textbook and Media List of Accounts Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $660 customer balance originating in 2021 isjudged uncollectible 2. May 1, a check for $660 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit (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 36,662 12/31 Bal. 44.562 2022 e Textbook and Media List of Accounts 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 $37,400. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit