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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 51,400 uedit

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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 51,400 uedit 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. Determine the total estimated uncollectibles at March 31.2022. Totalestimated uncollectibles 5 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 monually)

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