Question 2 of10 _ l 3 E View Policies Current Attempt in Progress Record the following transactions on the books of lCrane C0. [Creditaccount titles are automatically indented when amount 15 entered. Do not Indent manually.) a. On July 1. Crane C0. sold merchandise on account to Waegelein Inc. for $16,100, terms 2/10. n/30. b. On July 8. Waegelein Inc. returned merchandise with a sales price of $4.100 to Crane Co. c. On July 11, Waegelein Inc. paid the balance due. Account Titles and Explanation Debit Credit \fI "'5. LL! I I : Question 4 oin -1 5 ;: {bl Journal ize and post to the allowance account these 20 22 selected events and transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manualiyJ 1. On March 31. a $1,200 customer balance originating in 2021 is judged uncollectible. 2. On Maj,r 31. a check for $1,200 is received from the customer whose account was written off as uncollectible on March 31. No. Date Account Titles and Explanation Debit Credit Mar. 1. 31 Mayr 2. 31 (To reverse write-off] May:r 31 (To record collection of write off.) Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec. 3 1r 2021 Balance 13.000 Dec. 31, 2021 Adjusting 22.845 35.845 Mar. 31, 2022 May 31, 2022 eTextbook and Media List of Accou nts Save for Later Attempts: 0 of 5 used is). Journalize the adjusting entry for uncollectibles on December 31. 2022. assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $880 and the aging schedule indicates that total estimated uncollectibles will be $32,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account tles Debit Credit Dec.31 \fQuestion 10 of'lO