Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 Estimated = Percentage 2022 2021 Uncollectible $63,400 $80,240 2% 13,200 7,500 11,000 2,170 7,200 1,130 $94,800 $91,040 Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles SHOW LIST OF ACCOUNTS Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work Exercise 8-06 c (Essay) Godfreid Company has accounts receivable of $95,400 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,100 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 $65,000 $75,000 1-30 days past due 12,900 8,000 31-90 days past due 10,100 2,400 Over 90 days past due_ 7,400 1,100 $95,400 $86,500 (c) Discuss the implications of the changes in the aging schedule from 2021 to 2022. Click if you would like to Show Work for this question: Open Show Work Suppose the Tollowing Information was taken from the 2022 Tinancial statements or FedEX Corporation, a major global transportatlon/delivery company. (in millions) Accounts receivable (gross) Accounts receivable (net) Allowance for doubtful accounts Sales revenue Total current assets 2022_ $ 3,710 3,450 260 35,880 7,160 2021 $ 4,520 4,350 170 38,380 7,284 Answer each of the following questions. Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover times The average collection period for 2022 days Is accounts receivable a material component of the company's total current assets? Click if you would like to Show Work for this question: Open Show Work