Exercise 8-06 a-b (Video) Metlock, Inc. has accounts receivable of $95,500 at March 31, 2020, Credit terms are 2/10, 1/30. At March 31, 2020, there is a $2,296 credit balance in Alowance 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 Age of Accounts 2020 2019 Uncollectible Current 566,400568,240 25 1-30 days past dus 12,600 7.200 5 31-90 days past on 0,100 2,540 28 Over 90 days pastor 7.400 1,000 40 195,500 $79,150 Determine the total estimated uncollectibles The total estimated un collectibles Prepare the adjusting entry at March 31, 2020, to record bad debt expense. (Credit acc manually.) Account Titles and Explanation Debit Credit Al-I. LE