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2 of 7 .../10 E! Wildhorse Company has accounts receivable of $101,200 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020,
2 of 7 .../10 E! Wildhorse Company has accounts receivable of $101,200 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,300 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 estimate of bad debts is shown below. Age of Accounts Balance, March 31 Estimated Percentage Uncollectible 2020 2019 Current $61,600 $75,000 3% 1-30 days past due 22,100 8,000 5% 31-90 days past due 8,600 2,400 23% Over 90 days past due 8,900. 1,100 50% $101,200 $86,500 (a) Your answer has been saved. See score details after the due date. Determine the total estimated uncollectibles. Total estimated uncollectibles $ 9381 Question 2 of 7 < > Your answer has been saved. See score details after the due date. Determine the total estimated uncollectibles. .../10! Total estimated uncollectibles $ 9381 Attempts: 1 of 1 used (b) 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.) Date Mar. 31 Save for Later Account Titles and Explanation Debit Credit Attempts: 0 of 1 used Submit
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