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Sheridan Company has accounts receivable of $94,800 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there! is a $2,271 credit balance

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Sheridan Company has accounts receivable of $94,800 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there! is a $2,271 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 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current $63,400 $80,240 1-30 days past due 31-90 days past due 13,200 11,000 7,500 2170 Over 90 days past due 1.130 7,200 $94,800 $91,040 Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles $ e Textbook and Media List of Accounts Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles $ e Textbook and Media List of Accounts 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 e Textbook and Media List of Accounts

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