Leland Ltd. has accounts receivable of £98,100 at March 31. Credit terms are 2/10,  n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of £900 prior to  adjustment. The company uses the percentage-of-receivables basis for estimating uncol lectible accounts. The company’s estimate of bad debts is shown below.

Determine the total estimated uncollectibles.

(b) Prepare the adjusting entry at March 31 to record bad debt expense

Age of Accounts 1-30 days 31-60 days 61-90 days Over 90 days Balance, March 31 65,000 17,600 8,500 7,000 98,100 Estimated Percentage Uncollectible 2.0% 5.0% 30.0% 50.0%