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Current Attempt in Progress Tamarisk, Inc. has accounts receivable of $96,500 at March 31, 2022. Credit terms are 2/10,n/30. At March 31,2022 , there is
Current Attempt in Progress Tamarisk, Inc. has accounts receivable of $96,500 at March 31, 2022. Credit terms are 2/10,n/30. At March 31,2022 , there is a $2,244 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 uncollectibles are as shown below. (a) Determine the total estimated uncollectibles at March 31,2022. The total estimated uncollectibles \$ (b) 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. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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