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Please solve part b. Indigo Corporation has accounts receivable of $92,100 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there
Please solve part b.
Indigo Corporation has accounts receivable of $92,100 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,081 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) Your answer is incorrect. Determine the total estimated uncollectibles at March 31, 2022. The total estimated uncollectibles $ 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 O for the amounts.) eTextbook and Media List of Accounts Attempts: 1 of 3 usedStep by Step Solution
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