Calculate the carrying amount of the accounts receivable for each approach to estimating uncollectible accounts in part (a) above.

(1)	Carrying amount		$
(2)	Carrying amount		$

Assume instead that the Allowance for Doubtful Accounts had a debit balance of $2,300 at December 31, 2021. What is bad debt expense for 2021, and what is the carrying amount of the accounts receivable at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales?

		(1)		(2)
Bad debts expense
Carrying amount

The account balances of Carla Vista Company at December 31, 2021, the end of the current year, show Accounts Receivable $162,000; Allowance for Doubtful Accounts $2,000 (credit); Sales $1,293,000; Sales Returns and Allowances $60,000; and Sales Discounts $18,000. 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.) No. Date Account Titles and Explanation Debit Credit (1) Dec. 31 Bad Debt Expense 18200 Allowance for Doubtful Accounts 18200 (To record estimate of uncollectible accounts.) (2) Dec. 31 Bad Debt Expense 18225 Allowance for Doubtful Accounts 18225 (To record estimate of uncollectible accounts.)