At December 31, 2021, Tamarisk Company had a credit balance of $15,600 in Allowance for Doubtful Accounts. During 2022, Tamarisk wrote off accounts totaling $12,300. One of those accounts of $2,700 was later collected. At December 31, 2022, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $32,000. Prepare journal entries to record the 2022 transactions of Tamarisk Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 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) e Textbook and Media List of Accounts Skysong, Inc. uses the percentage-of-receivables basis to record bad debt expense and concludes that 1% of accounts receivable will become uncollectible. Accounts receivable are $479,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $3,010. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Bad Debt Expense Allowance for Doubtful Accounts e Textbook and Media List of Accounts Save for Later Last saved 1 minute ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date