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Carla Vista Co has accounts recevable of $92,600 at March 31, 2022. Credit terms are 2/10,6/30. At March 31, 2022, there is a $2.154 credit
Carla Vista Co has accounts recevable of $92,600 at March 31, 2022. Credit terms are 2/10,6/30. 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 bonis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below, Balance, March 31 2022 2021 $60,500 Estimated Percentage Uncollectible 2 % 5. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due $77.250 14.000 7,550 10,100 2370 28 8.000 1170 52 $92.600 588.340 Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles e Textbook and Media List of Accounts Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit account titles are automatically inderted when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit
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