At December 31, 2021, Larkspur Company had a credit balance of $16,200 in Allowance for Doubtful Accounts. During 2022, Larkspur wrote off accounts totaling $13,800. One of those accounts ($3,100)

At December 31, 2021, Larkspur Company had a credit balance of $16,200 in Allowance for Doubtful Accounts. During 2022, Larkspur wrote off accounts totaling $13,800. One of those accounts ($3,100) was later collected. At December 31, 2022, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $27,300. Prepare journal entries to record the 2022 transactions of Larkspur Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit enter an account title to record amount written off enter a debit amount enter a credit amount enter an account title to record amount written off enter a debit amount enter a credit amount (To record amount written off) enter an account title to reverse write-off enter a debit amount enter a credit amount enter an account title to reverse write-off enter a debit amount enter a credit amount (To reverse write-off) enter an account title to record collection of writeoff enter a debit amount enter a credit amount enter an account title to record collection of writeoff enter a debit amount enter a credit amount (To record collection of writeoff) enter an account title to record estimated bad debts for the year enter a debit amount enter a credit amount enter an account title to record estimated bad debts for the year enter a debit amount enter a credit amount (To record estimated bad debts for the year) Transcribed Image Text: At December 31, 2021, Larkspur Company had a credit balance of $16,200 in Allowance for Doubtful Accounts. During 2022,
Larkspur wrote off accounts totaling $13,800. One of those accounts ($3,100) was later collected. At December 31, 2022, an aging
schedule indicated that the balance in Allowance for Doubtful Accounts should be $27,300.
Prepare journal entries to record the 2022 transactions of Larkspur Company. (Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
(To record amount written off)
(To reverse write-off)
(To record collection of writeoff)
(To record estimated bad debts for the year)

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