Business, 01.01.2021 18:10 crodriguez87

Crane Company has accounts receivable of $96,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,287 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 UncollectibleAge of Accounts 2022 2021Current $65,600 $75,150 2%1–30 days past due 13,500 7,870 5 31–90 days past due 9,800 2,630 28 Over 90 days past due 7,700 1,140 47 $96,600 $86,790Determine the total estimated uncollectibles at March 31, 2022.Total estimated uncollectibles $Enter a dollar amount 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 CreditEnter an account title Enter a debit amount Enter a credit amountEnter an account title Enter a debit amount Enter a credit amount

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Crane Company has accounts receivable of $96,600 at March 31, 2022. Credit terms are 2/10, n/30. At...

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