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CALCULATON FULL SCREEN PWINTER VERSION BACK NE Exercise 8-06 a-b Crane Company has accounts receivable...

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CALCULATON FULL SCREEN PWINTER VERSION BACK NE Exercise 8-06 a-b Crane Company has accounts receivable of $98,600 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there is a $2,227 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 Balance, March 31 Estimated Percentage Age of Accounts 2022 2021 Uncollectible Current $68,400 $69,990 2% 1-30 days past due 13,700 7,880 5 31-90 days past due 9,700 2,400 28 Over 90 days past due 6,800 1,100 49 $99.600 $81,370 Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles Prepare the adjusting entry of March 31, 2022, to record bad debt expense. (Credit account titles are automatically indented when amount is entert. Oo not indent manually.) aly Account Titles and Explanation Debit Credit

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