question 2 hmw 9 pt 2

5.25/15 II! Question 2 of 2 Wildhorse Co has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2.230 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 uncollectibles are as shown below. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current $61,600 $78,910 2 % 1-30 days past due 14.100 7.420 5 9,500 31-90 days past due 2.280 30 Over 90 days past due 6,800 1.200 50 $92,000 $89,810 (a) Your answer is correct Determine the total estimated uncollectibles at March 31, 2022. The total estimated uncollectibles $ 8187 Solution List of Accounts Attempts: unlimited (b) 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. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and explanation Debit Credit e Textbook and Media List of Accounts 5.ww for later Attempts: unlimited Submit Answer at