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Tamarisk, Inc. has accounts receivable of $96,500 at March 31, 2020. Credit terms are 2/10./30....

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Accounting

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Tamarisk, Inc. has accounts receivable of $96,500 at March 31, 2020. Credit terms are 2/10./30. At March 31, 2020, 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 bad debts are as shown below. Estimated Percentage Uncollectible 2 % Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2020 2019 $66,000 $79.900 13,000 7.930 10.600 2,540 6,900 1.060 $96,500 $91,430 5 33 54 Determine the total estimated uncollectibles. The total estimated uncollectibles $ e Textbook and Media List of Accounts Prepare the adjusting entry at March 31, 2020, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit

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