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Bonita Industries has accounts receivable of $98,500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,977 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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 $69,600 $70,010 48,670 2,420 12,000 9,700 7,200 $98,500 2021 1,140 $82,240 The total estimated uncollectibles $ Estimated Percentage Uncollectible Determine the total estimated uncollectibles at March 31, 2022. 2 % 5 30 50

Borita industries has accounts receivable of $98,500 at March 31, 2022. Credit terms are 2/10,N/30. At March 31, 2022, there is a $1.977 credit balance in Allowaryce for Doubtful Accounts prior to adjustment. The compamy cises the percentsge-of-recelvables basis for estimating uncollect ble accounts. The compary's estimates of uncollectibles are as shown below. Determine the totalestimated uncollectibles at Marchis1, 2022 The total estimated uncoliectibies: Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit occount tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.)

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