Lohan Company has accounts receivable of $93,100 at March 31. An analysis of the accounts shows the following information.

Month of Sale                  Balance, March 31
March                                       $60,000
February                                    17,600
January                                        8,500
Prior to January                          7,000 
                                                 $93,100 

Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,200 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company’s estimate of bad debts is shown on the next page.

                                                    Estimated Percentage
Age of Accounts                               Uncollectible        
    1–30 days                                           2.0%
    31–60 days                                         5.0%
    61–90 days                                       30.0%
    Over 90 days                                    50.0%

Instructions
  (a) Determine the total estimated uncollectibles.
  (b) Prepare the adjusting entry at March 31 to record bad debts expense.