Penny Worth Ltd. has an Accounts Receivable amount of $339,700 and an unadjusted credit balance in Allowance for Doubtful Accounts of $9,400 at March 31. The companys accounts receivable and percentage estimates of its uncollectible accounts are as follows:

Prepare the adjusting entry at March 31 to record bad debts expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

What is the carrying amount of the receivables at March 31?

Number of Days Outstanding 0-30 31-60 61-90 Over 90 Total Accounts Estimated Percentage Receivable $234,000 46,200 34,600 24,900 $339,700 Uncollectible 2% 10% 30% 50% Prepare an aging schedule to determine the total estimated uncollectibles at March 31 Age of Accounts Amount % Estimated Uncollectible 0-30 days 31-60 days 61-90 days Over 90 days $234,000 290 46,200 10% 34,600 30% 24,900 50%