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Cullumber Company has accounts recelvable of $98,500 at March 31; 2025, Creolit terms are 2/10, n/30. At Marth 31, 2025, there is a 52,000 credit balance in Allowance for Doubtful Accounts prior to adjustment. The compary uses the percentage-of-receivables basls for estimating uncollectible accounts. The company/s estimates of bad debts are as shown bolow. Your answerisincorrect Determine the total estimated uncolicctibles at March 31,2025. Totalestimated uncollectibles $ Prepare the adjusting entry at March 31, 2025, to record bad debt epense. (Lat debvi entyy before credit ment if ne entoy is required, select "No Entry" for the occount titles and enter O for the amounts. Credf ocoount citler are outomaticolly indented when amount is entered oo not indist monualyJ