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At December 31, 2019, Tamarisk, Inc. Company had a credit balance of $15,600in Allowance for Doubtful Accounts. During 2020, Tamarisk, Inc. wrote off accounts totaling

At December 31, 2019, Tamarisk, Inc. Company had a credit balance of $15,600in Allowance for Doubtful Accounts. During 2020, Tamarisk, Inc. wrote off accounts totaling $12,300. One of those accounts ($2,700) was later collected. At December 31, 2020, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $32,000.

Prepare journal entries to record the 2020 transactions of Tamarisk, Inc. Company.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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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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