Exercise 01 Eimraan Ltd. has accounts receivable of 98,100 at March 31. At March 31, Allowance for Doubtful Accounts has a credit balance of 900 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is as below: Age of Accounts AR Balance, March 31 Estimated % Uncollectible 1-30 days 65,000 2.0% 31-60 days 17,600 5.0% 61-90 days 8,500 30.0% Over 90 days 7,000 50.0% 98, 100 Required: (a) Determine the total estimated uncollectible. (b) Prepare the adjusting entry at March 31 to record bad debt expense under allowance method