E8-5 Godfreid Company has accounts receivable of $95,400 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,100 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. Balance, March 31 Estimated Percentage Age of Accounts Current 2017 2016 Uncollectible $65,000 $75,000 2% 1-30 days past due 12,900 8,000 31-90 days past due 10,100 2,400 Over 90 days past due 7,40 1,100 5585 30 50 $95,400 $86,500 Instructions (a) Determine the total estimated uncollectibles. (b) Prepare the adjusting entry at March 31, 2017, to record bad debt expense. (c) Discuss the implications of the changes in the aging schedule from 2016 to 2017.