Exercise 9-06 a-b Shefield Company has accounts receivable of $114,600 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,300 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 estimate of bad debts is shown below. Estimated Balance, Percentage March 31Uncollectible Age of Accounts 2020 2019 $75,200 $75,000 23,100 8,000 9,000 2,400 7,300 1,100 $114,600 $86,500 2% 5% 22% 51% Current 1-30 days past due 31-90 days past due Over 90 days past due Determine the total estimated uncollectibles. Total estimated uncollectibles Prepare the adjusting entry at March 31, 2020, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do n indent manually.) Credit Debit Account Titles and Explanation Date Mar 31 Click if you would like to Show Work for this question: Open Show. Work