Menge Company has accounts receivable of $113,200 at March 31. An analysis of the accounts shows the following information.

Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,420 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The companys estimate of bad debts is shown below.

Determine the total estimated uncollectibles.

Total estimated uncollectibles: $______

Prepare the adjusting entry at March 31 to record bad debt expense.

Balance, March 31 Month of Sale March February January Prior to January $72,500 24,400 8,900 7,400 $113,200