Novak Company has accounts receivable of $ 111,600 at March 31, 2022. Credit terms are 2/10,/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 Balance, March 31 Estimated Percentage Uncollectible 2022 2021 Current $ 71,400 $75,000 2% 1-30 days past due 23,900 8,000 6% 8,800 2.400 21% 31-90 days past due Over 90 days past due 7,500 1,100 55% $ 111,600 $86,500 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.) Date Account Titles and Explanation Debit Credit Mar. 31