E8-4 Menge Company accounts showe ... e Company has accounts receivable of $93,100 at March 31. An analysis of the nts 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 bal- ance 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 below. Estimated Percentage Age of Accounts Uncollectible 1-30 days 2.0% 5.0% 31-60 days 20.0% 61-90 days 50.0% Over 90 days Instructions (a) Determine the total estimated uncollectibles. (b) Prepare the adjusting entry at March 31 to record bad debt expense. preto to total estimated was the title record bad de