1. 2.5 View Policies Current Attempt in Progress Concord Corporation has accounts receivable of $95,600 at March 31, 2022. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2022 2021 $63,000 $82,300 8,300 14,200 March February December and January November and October 2,700 10,900 7,500 $95,600 1,800 $95,100 Credit terms are 2/10,n/30. At March 31, 2022, there is a $4,400 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 Age of Accounts Current 2 % 7 1-30 days past due 31-90 days past due Over 90 days past due 25 50 Determine the total estimated uncollectible accounts receivable. Total estimated uncollectibles accounts receivable $ Prepare the adjusting entry at March 31, 2022, to record bad debts expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Mar. 31