BACK RCES Exercise 8-5 Sheridan Company has accounts receivable of $87,400 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,244 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The companys estimates of bad debts are as shown below tudy Balance, March 31 Estimated Age of Accounts Current 1-30 days past due 12,000 8,780 31-90 days past due9,200 2,350 Over 90 days past due7.100 1.210 2017 2016 Uncollectible $59,100 $78,000 2% 30 53 $87,400 $90,340 Determine the total estimated uncollectibles The total estimated uncollectibles SHOW LIST VIDEO: SIMILAR EXERCIse Prepare the adjusting entry at March 31, 2017, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Tiles and Esplanation SHOW LIST