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xercise 8-5 ovak Corp. has accounts receivable of $90,300 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a

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xercise 8-5 ovak Corp. has accounts receivable of $90,300 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,284 credit balance in Allowance for Doubtfu elow. ccounts prior to adjustment. The company uses the percentage -of receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as show Balance, March 31 Estimated Percentage e of Accounts Current 2017 2016 Un $61,700 $74,140 1-30 days past due 12,600 8,520 31-90 days past due ,002,260 Over 90 days past due 6,800 1,160 2% 28 49 90,300 $86,080 Determine the total estimated uncollectibles. The total estimated uncollectibles HOW LIST OF CCOUNTS IN TO EX Prepare the adjusting entry at March 31, 2017, to record bad debt expense (Credit account titles are automatically indented when amount is entered. Do not indent 022 PM LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Prepare the adjusting entry at March 31, 2017, to record bad debt expense.(Credit account titles are automaticalily indented when amount is entered. Do manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS INK TO TEX e to search 822 PM

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