Menge Company has accounts receivable of $104,800 at March 31. Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,400 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 Age of Balance, Percentage Accounts March 31 Uncollectible 1-30 days 2% $69,000 31-60 days 18,100 5% 61-90 days 8,900 22% Over 90 days 8,800 53% 104,800 Determine the total estimated uncollectibles. Total estimated uncollectibles Prepare the adjusting entry at March 31 to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Date Account Titles and Explanation Debit Credit Mar. 31