View Policies Current Attempt in Progress Past experience indicates that 17% of total accounts receivable will eventually be uncollectible for the Sheffield Rental Company Selected general ledger account balances at December 31, 2020, and December 31, 2021. appear below: 2020 2021 $125,000 Accounts Receivable $96,000 Allowance for Doubtful Accounts (credit) 16.200 Record the following events in 2021: (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem) Aug 10 Sep. 12 Determined that the account of Henry Hum for $4,100 is uncollectible, Determined that the account of Mark Pipay for $5,600 is uncollectible. Received a cheque for $3,400 as payment on account from Henry Hum, whose account had previously been written off as uncollectible. He indicated the remainder of his account would be paid in November Oct 10 Nov. 15 Received a cheque for $700 from Henry Humas payment on his account. Date Account Titles and Explanation Debit Credit (To reverse write off of Henry Hum account.) (To record collection from Henry Hum.) Prepare the adjusting journal entry to record bad debt expense for the year ended December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit Dec. 31 What is the balance of Allowance for Doubtful Accounts at December 31, 2021? Balance of Allowance for Doubtful Accounts $