Nash's Company has accounts receivable of $104,000 at March 31. An analysis of the accounts shows the following. Month of Sale March February January Prior to January Balance, March 31 $64,000 22,080 11,600 6,320 $104,000 Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,360 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. Nash's estimates that 8% of accounts receivable will become uncollectible. The company is considering using the estimate of bad debts shown below.

Nastis Company has accounts receivable of $104,000 at March 31 . An analysis of the accounts shows the following Credit terms are 2/10,n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,360 prlor to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. Nash's estimates that 8% of accounts \begin{tabular}{lc} Age of Accounts & \begin{tabular}{c} Estimated Percentage \\ Uncollectible \end{tabular} \\ \hline 130 days & 2.0% \\ 3160 days & 5.0% \\ 6190 days & 30.0% \\ Over 90 days & 50.0% \end{tabular} Prepare the adjusting entry at March 31 to record bad debt expense, assuming that the 8% estimate is used. (Credit occount titles are automatically indented when the amount is entered Do not indent manually, List debit entry before credit entry. If no entry is required. select "No Entry" for the occount tities and enter O for the amounts.)