Cullumber Co.uses the percentage-of-receivables basis to record bad debt expense and concludes that 1% of accounts receivable w become uncollectible. Accounts receivable are $543,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,290. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (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 Save for Later Attempts: 0 of 3 used Submit Answer Bramble Company has accounts receivable of $116,200 at March 31, 2022. Credit terms are 2/10, r/30. At March 31, 2022. 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 estimates of bad debts are as shown below. Age of Accounts Balance, March 31 Estimated Percentage Uncollectible 2022 2021 $75,500 $75.000 2% Current 1-30 days past due 31-90 days past due 24,600 8,000 5% 8,700 2,400 24% Over 90 days past due 7.400 1.100 55% $116,200 $86,500 (a) Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles $