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Exercise 8-06 a-b Sunland Company has accounts receivable of $100,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is

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Exercise 8-06 a-b Sunland Company has accounts receivable of $100,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,050 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receiva bles basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Age of Accounts 2022 2021 Uncollectible $71,300 $82,260 2% Current 11,800 8,230 1-30 days past due 9,100 2,250 27 31-90 days past due 1,100 8,100 Over 90 days past due 53 $100,300 $93,840 Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles SHOW LIST OF AccoUNTS LINK TO TEXT LINK TO VIDEO Prepare the adjusting entry at March 31, 2022, 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

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