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The account balances of Sandhill Company at December 31, 2021, the end of the current year, show Accounts Receivable $165,600: Allowance for Doubtful Accounts $2,000 (credit): Sales $1,300,400: Sales Returns and Allowances $40.000; and Sales Discounts $18.400 (a) Your Answer Correct Answer Your answer is correct. Record the adjusting entry at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) | .. Date Account Titles and Explanation Debit Credit Dec 1) Bad Debt Expense 14560 31 Allowance for Doubtful Accounts 14560 (To record estimate of uncollectible accounts. 2) Dec 31 Bad Debt Expense 18630 18630 Allowance for Doubtful Accounts To record estimate of uncollectible accounts.) your answer is incorrect. Calculate the carrying amount of the accounts receivable for each approach to estimating uncollectible accounts in part (2) above. $ 149040 (1) Carrying amount (2) Carrying amount S eTextbook and Media