Menge Company has accounts receivable of $115,800 at March 31.

Month of Sale		Balance, March 31		Average Age of Receivables Outstanding
March		$75,700		16	days
February		22,200		48	days
January		9,100		73	days
Prior to January		8,800		110	days
		115,800

Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,500 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.

Age of Accounts		Estimated Percentage Uncollectible
130 days		4.0%
3160 days		5.0%
6190 days		20.0%
Over 90 days		55.0% Prepare the adjusting entry at March 31 to record bad debt expense.