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D Question 14 5 pts Baker Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31,
D Question 14 5 pts Baker Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, 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 2022 2021 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 6,800 1,200 52 52 $92,000 $89,810 Prepare the journal entry to record the estimated bad debt expense for the period. %
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