Presented below is an aging schedule for Metlock, Inc. at December 31, 2021. Aneesh Bird Cope DeSpears Others Customer Estimated Percentage Uncollectible Total Estimated Bad Debts Total $ 23,400 36,100 56,000 35,000 125,100 $275,600 $41,518 Not Yet Due $36,100 5,100 94,600 1-30 3% $10,600 5,500 15,500 Number of Days Past Due 7% 31-60 $12,800 15,000 $135,800 $31,600 $27,800 $45,400 12% 61-90 $4,074 $2,212 $3,336 $45,400 24% $ 10,896 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,500. Over 90 $35,000 $35,000 60% $21,000

Presented below is an aging schedule for Metlock, Inc. at December 31, 2021. At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,500. 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.) Post the adjusting entry for bad debts at December 31, 2021. Journalize the following events and transactions in the year 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) March 1, a \$1,100 customer balance originating in 2021 is judged uncollectible. (2) May 1, a check for $1,100 is received from the customer whose account was written off as uncollectible on March 31. Journalize the following events and transactions in the year 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) March 1, a $1,100 customer balance originating in 2021 is judged uncollectible. (2) May 1, a check for $1,100 is received from the customer whose account was written off as uncollectible on March 31 . (1) March 1, a $1,100 customer balance originating in 2021 is judged uncollectible. (2) May 1, a check for $1,100 is received from the customer whose account was written off as uncollectible on March 31 . 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 $870 and the aging schedule indicates that total estimated bad debts will be $29,100. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)