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Crane Company has accounts of $96,600 at March 31, 2022. Credit terms are 2/10,n/30. At March 31,2022, there is a $2,287 credit balance in allowance

Crane Company has accounts of $96,600 at March 31, 2022. Credit terms are 2/10,n/30. At March 31,2022, there is a $2,287 credit balance in allowance for Doubtlful Accounts prior to adjustment. The company uses the percentage-of-recivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below

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