(1) Dec. 31 Bad Debt Expense - [($208,800 x 10%) - $2,600] - $18,280 (2) Dec 31 Bad Debt Expense - $1,566,0001 x 1.5% - $23,490 1 $1.649,200 - $60,000 - $23,200 List of Accounts Attempts: 3 of 3 used ho (b) Your answer is incorrect. Calculate the carrying amount of the accounts receivable for each approach to estimating uncollectible accounts in part(a) above. (1) Carrying amount $ The account balances of Sandhill Company at December 31, 2021, the end of the current year, show Accounts Receivable $208,800; Allowance for Doubtful Accounts $2,600 (credit); Sales $1,649,200; Sales Returns and Allowances $60,000; and Sales Discounts $23,200. (a) Your Answer Correct Answer Your answer is partially correct. Record the adjusting entry at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit No. Date Account Titles and Explanation 1820 Calculate the carrying amount of the accounts receivable for each approach to estimating uncollectible accounts in part al above. a (1) Carrying amount $ (2) Carrying amount $ e Textbook and Media