Exercise 8-5 Coronado Industrles has accounts recelvable of $89,200 at March 31, 2017, Credit terms are 2/10, n/30, At March 31, 2017, there is a $2,151 credit balance in Alowance for Doubtful Accounts prlor to adjustment. The company uses the percentage-of-recelvables basls for estimating uncollectible accounts. The company's estimates of bad debts are as shown below Balance, March 31 Percentage 2017 2016 Uncollectible e ot Acco Current 2% $60,400 $80,10 1-30 days past due 12,000 8,610 31-90 days past due10,200 2,40o Over 90 days past due .00 1.070 R9,200 $92,240 31 19 Determine the total estimated uncollectibles The total estimated uncollectibles LINK TO TEXT Prepare the adjusting entry at March 31, 2017, to recurd bad debt experise. (Credil accout titles are dutoriaticaly indented when airmount is entered. Do nol indent ndnudlly.) Account Tiues and Explanation Debit Credit