Complete Auto Supply distributes new auto parts to local dealers throughout the Southeast. Complete Autos credit terms are n/30. As of the end of business on March 31^st, 2016 Complete had the following Accounts Receivable outstanding:

Customer Name Due Date (2016) Amount

Little Rock Auto March 10^th $5,000

Fayetteville Auto Supply January 18^th 4,000

Texarkana Auto December 22, 2015 8,000

Memphis Auto Repair February 23^rd 7,500

Jackson Repair & Tow April 15^th 3,000

a) Determine the number of days past due for each of the preceding accounts as of March 31^st. Then, complete an aging of receivables schedule.

b) Based upon past history of uncollectible accounts, Complete Auto expects to NOT collect 0.75% of not past due accounts, 8% of accounts that are 1-30 days past due, 16% of accounts that are 31-60 days past due, 45% of accounts that are 61-90 days past due, and 75% of accounts that are 91 days past due. Estimate the allowance for doubtful accounts using the aging of receivables schedule you created for part A.

c) Assume, Complete Auto has a beginning credit balance of $2,500 in the Allowance for Doubtful Account before adjustment on March 31^st. Journalize the adjusting entry for uncollectible accounts as of March 31^st.