B. Prepare the adjusting entry at March 31, 2020, to record bad debt expense.

Exercise 9-06 a-b (Part Level Submission) Oriole Company has accounts receivable of $108,600 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,500 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. Estimated Percentage Uncollectible Balance, March 31 Age of Accounts 2020 2019 Current 3% 7% 1-30 days past due 31-90 days past due Over 90 days past due $71,900 $75,000 19,700 8,000 9,400 2,400 7,600 1,100 $108,600 $86,500 23% 51% (a) Determine the total estimated uncollectibles. Total estimated uncollectibles