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Pharoah Company has accounts receivable of $98,700 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,045

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Pharoah Company has accounts receivable of $98,700 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,045 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. Balance, March 31 Age of Accounts 2022 2021 Estimated Percentage Uncollectible Current $68,400 $70,460 2 % 1-30 days past due 12.900 8.130 5 31-90 days past due 9,200 2330 29 Over 90 days past due 8.200 1.180 47 $98,700 $82.100 Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles 8873 Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles $ eTextbook and Media List of Accounts 8873 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) Account Titles and Explanation Debit Credit

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