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undefined Carla, Inc had net sales in 2020 of $1,491,200. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable

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Carla, Inc had net sales in 2020 of $1,491,200. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $229,200 debit, and Allowance for Doubtful Accounts $1,944 debit. Assume that 12% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31. 2020 Carla, Inc. had net sales in 2020 of $1,491,200. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $229,200 debit, and Allowance for Doubtful Accounts $4,160 credit. Assume Carla prepares an aging schedule that estimates total uncollectible accounts at $33,100. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec. 31, 2020

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