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Blue Spruce Corp. has accounts receivable of $93.500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a
Blue Spruce Corp. has accounts receivable of $93.500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,212 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 uncollectibles are as shown below. Balance, March 31 Age of Accounts 2022 2021 Estimated Percentage Uncollectible Current $65,300 $70,010 2 % 1-30 days past due 11.800 7,430 5 31-90 days past due 9,300 2,260 30 Over 90 days past due 7,100 1.130 50 $93,500 $80,830 (a) Your answer is correct Determine the total estimated uncollectibles at March 31, 2022. The total estimated uncollectibles $ eTextbook and Media 8.236) (b) List of Accounts - Your answer is partially correct. Attempts: 1 of 3 used 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Bad Debt Expe Allowance for Doubidid Accounts Debit 5.997 Credit 5.997
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