Coronado Industries has accounts receivable of $89,200at March 31, 2017. Credit terms are2/10, n/30. At March 31, 2017, there is a $2,151credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts.

Exercise $ -5 Coronado Industries has accounts receivable of $89 , 200 at March 31 , 2017 . Credit terms are 2 / 10 , 11/ 30 . At March 31 , 2017 , there is a $ 2, 151 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 Balance , March 3 1 percentage AGE of Accounts 2017 2015 Uncollectible* Current $50 , 400 580 , 160 29/0 1 - 30 days past due 12 , 000 8, 510 5 31 - 20 days past due 10, 200 2, 40 0 31 Over 30 days past due 5, 500 1 , 070 AB 589, 200 592, 240 Determine the total estimated uncollectibles . The total Estimated uncollectibles* Prepare the adjusting entry at March 31 , 2017 , to record bad debt expense . ( Credit account titles are automatically indented when amount is Entered . Do not indent manually . ) Account Titles and Explanation* Debit Credit