Pearl City Ltd. has an Accounts Receivable amount of $367,300 and an unadjusted credit balance in Allowance for Doubtful Accounts of $8,800 at March 31. The company's accounts receivable and percentage estimates of its uncollectible accounts are as follows: Number of Days Outstanding 0-30 31-60 61-90 Over 90 Total Accounts Receivable $254,000 53,000 33.000 27,300 $367,300 Estimated Percentage Uncollectible 2% 10% 30% 50% (c) What is the carrying amount of the receivables at March 31? Carrying amount $ e Textbook and Media The unadjusted trial balance of Bramble Inc., at the company's year end of December 31, follows: Credit $24,320 Bramble INC. Trial Balance December 31, 2021 Debit Cash $22,520 Accounts receivable 32,300 Inventory 28,900 Supplies 3.300 Prepaid insurance 3,000 Land 32,000 Buildings 152.000 Accumulated depreciation-buildings Equipment 42.000 Accumulated depreciation equipment Accounts payable Deferred revenue Bank loan payable Common shares Retained earnings Dividends declared 1,900 Sales Cost of goods sold 171,500 Salaries expense 27,900 Utilities expense 4,700 Interest expense 7,700 16,800 34,200 4,100 146,800 12.900 31.500 265,000 Income tax expense 5.900 $535,620 $535,620 Additional information and adjustment data: 1. 2. 3. 4. 5. 6. A 12-month insurance policy was purchased and was effective February 1, 2021. There was $823 of supplies on hand on December 31. Depreciation expense for the year is $6,080 for the buildings and $4.200 for the equipment. Salaries of $823 are accrued and unpaid at December 31. Accrued interest expense at December 31 is $700. There was deferred revenue of $900 that still needed to be deferred as at December 31. The balance had been earned. Of the deferred revenue that had been earned, the cost of goods sold was $1,900. Of the bank loan payable, $9.251 is payable next year. Income tax of $540 is due and unpaid. A physical count of inventory indicates $25,785 on hand at December 31. Common shares of $2,890 were issued during the year. 7. 8. 9. 10. (b) Post the adjusting entries. (Post entries in the order of journal entries presented in the previous part.) Cash Accounts Receivable Inventory >> Supplies Prepaid Insurance Land Building Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Accounts Payable Deferred Revenue Salaries Payable Interest Payable Income Tax Payable Bank Loan Payable Common Shares > Retained Earnings Dividends Declared Sales Cost of Goods Sold Salaries Expense Depreciation Expense Utilities Expense Insurance Expense Supplies Expense Interest Expense Income Tax Expense