Hachey Company has accounts receivable of $95,100 at March 31, 2018. An analysis

of the accounts shows these amounts.

Month of sale Balance, March 31

Mar 2018 $65,000

Feb $12,600

Dec 2017 and Jan 2018 $10,100

November and October2017 $7,400

$95,100

Credit terms are 2/10, n/30. At March 31, 2018, there is a $2,200 credit balance in Allowance

for Doubtful Accounts prior to adjustment. The company uses the percentage of

receivables basis for estimating uncollectible accounts. The company estimates of bad debts are as shown below

Age of account Estimatesed presentage Uncollectible

Current 2%

1-30 days past due 7%

31-90 days past due 30%

Over 90 days 50%

A) Determine the total estimated uncillectible.

B) Prepare the adjusting entry at March 31,2018 to record bad debts expense?