+ Ch 8: Homework Question 1 of 4 - /1 Wildhorse Co. has accounts receivable of $92,000 at March 31, 2020. Credit terms are 2/10,n/30. At March 31, 2020, there is a $2,230 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 Uncollectible Age of Accounts 2020 2019 Current $61,600 $78,910 2 % 1-30 days past due 14.100 7.420 5 31-90 days past due 9.500 2.280 31 Over 90 days past due 1,200 52 6.800 $92.000 $89,810 Determine the total estimated uncollectibles. The total estimated uncollectibles $ eTextbook and Media List of Accounts 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.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts