E9-4 Menge Company has accounts receivable of $93,100 at March 31. Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance 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 Balance, March 31 $60,000 17,600 8,500 7,000 $93,100 Estimated Percentage Uncollectible 2.0% 5.0% 20.0% 50.0% ge of Accounts 1-30 days 31-60 days 61-90 days Over 90 days Instructions (a) Determine the total estimated uncollectibles. (b) Prepare the adjusting entry at March 31 to record bad debt expense