1: Chapter 8 Assignment Hachey Company has accounts receivable of $95,100 at March 31, 2022. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2022 2021 March $65,000 $75,000 February 12,600 8,000 December and January 10,100 2,400 November and October 7,400 1,100 $95.100 $86.500 Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,500 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 Estimated Percentage Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Uncollectible 2% 7 25 50 Instructions (a) 39 Determine the total estimated uncollectible accounts receivable. (b) Prepare the adjusting entry at March 31, 2022 to record bad debts expense