Novak Company has accounts receivable of $111,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,400 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 $71,400 23,900 8,800 7,500 2021 $75,000 Total estimated uncollectibles $ 8,000 2,400 1,100 $111,600 $86,500 Estimated Percentage Uncollectible 2% 6% 21% 55% Determine the total estimated uncollectibles at March 31, 2022.

Novak Company has accounts receivable of $111,600 at March 31,2022 . Credit terms are 2/10,n/30. At March 31,2022 , there is a $1,400 credit balance in Allowance for Douttfut Accounts prior to adfustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The compary's estimates of bad debts are as shown below. Determine the total estimated uncollectibles at March 31,2022 Total estimated uncollectibles Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit account tities are automatically indented when amount is entered, Do not indent manuatliyt