Exercise S-06-b Sheridan Company has accounts receivable of $100,400 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2,262 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 estimates of bad debts are as shown below. Balance, March 31 Percentage Age of Accounts 2022 2021 Uncollectible Current $69,500 $77,290 1-30 days past oue 13,100 3,230 31-90 days past due 9.800 2.430 Over 90 days past due 8,000 1,190 $100,400 $89,140 Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles SHOW LIST OF ACCOUNTS 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.) 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