Marigold Company has accounts receivable of $108,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,500 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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due 2022 Balance, March 31 $70,400 19,400 9,300 8,900 $108,000 2021 $75,000 8,000 2,400 1,100 $86,500 Estimated Percentage Uncollectible 2% 5% 25% 51%

Marigold Company has accounts receivable of $108,000 at March 31,2022 . Credit terms are 2/10,n/30. At March 31, 2022, there is a $1,500 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. Your answer is correct Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles $ eTextbook and Media Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.)