Splish Brothers Inc, uses the percentage of receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $402,700 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,897 (a) (b) Prepare the adjusting journal entry to record bad debt expense for the year. If the allowance for doubtful accounts had a debit balance of $989 instead of a credit balance of $2,897. prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit No. Account Tities and Explanation (a) (b) Oriole Company has accounts receivable of $ 93,600 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2.216 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 Balance, March 31 2022 2021 $63.800 $69.450 12,200 70740 10,000 2,630 7,600 1.140 $93.600 $80.960 Estimated Percentage Uncollectible 296 5 29 54 Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles S