Presented below is an aging schedule for Tamarisk, Inc. at December 31, 2021. Number of...
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Presented below is an aging schedule for Tamarisk, Inc. at December 31, 2021. Number of Days Past Due Not Yet Due Over 90 Customer 1-30 31-60 61-90 Aneesh $10,300 $13,600 Bird Total $ 23,900 34,200 57,000 33,400 123,600 $272,100 $ 34,200 6,200 5,300 Cope De Spears Others $45,500 $33,400 94,200 13,700 15,700 $31,300 $134,600 $27,300 $45,500 $33,400 3% 7% 12% 24% 60% Estimated Percentage Uncollectible Total Estimated Bad Debts $ 40,465 $ 4,038 $ 2,191 $3,276 $ 10,920 $20,040 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,500. (a) Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles Debit Credit Post the adjusting entry for bad debts at December 31, 2021. Bad Debt Expense 4 Allowance for Doubtful Accounts
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