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Carla Vista Co. has accounts receivable of $92,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a
Carla Vista Co. has accounts receivable of $92,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,154 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Age of Accounts 2022 2021 Uncollectible Current $60,500 $77,250 1-30 days past due 14,000 7,550 2 % 5 31-90 days past due 10,100 2,370 28 Over 90 days past due 8,000 1,170 52 $92,600 $88,340 Your answer is correct. Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles eTextbook and Media List of Accounts * Your answer is incorrect. 8898 Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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