asap please! Concord Company has accounts receivable of $112,100 at March 31. An analysis of the accounts shows the following. Month of Sale March February January Prior to January Age of Accounts 1-30 days 31-60 days 61-90 days Over 90 days Balance, March 31 (a) $68,800 23,880 12,500 Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,450 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. Concord estimates that 8% of accounts receivable will become uncollectible. The company is considering using the estimate of bad debts shown below. 6,920 $112,100 Estimated Percentage Uncollectible 2.0% 5.0% 30.0% 50.0% Prepare the adjusting entry at March 31 to record bad debt expense, assuming that the 8% estimate is used. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit

Cred it terms are 2/10, n/30. At March 31, Allowarce for Doubtful Accounts has a credit balance of $1.450 prior to adjustment. The compary uses the percentage-of-receivables basis for estimating uncollectible accounts. Concord estimates that 8% of accounts receivable will become uncollectible. The compary is conidering using the estimate of bad debts shown below. (a) Prepare the adjutine entry at March 31 to record bad debt eopense, asuming that the 8xestimate is used. (Credit eccount titles are automatically indented when the amount is entered. Do not indent manualiy. List debit entry before credit entry if no entry is required. select 'No Entry' for the occount tilles and enter Ofor the amounts)