Problem 3. Hach Company has accounts receivable of $95,100 at March 31, 2018. An analysis of the accounts shows these amounts.

Month of Sale	Balance, March 31, 2018
March 2018	$65,000
February 2018	12,600
December 2017 and January 2018	10,100
November and October 2017	7,400
Total	$95,100

Credit terms are 2/10, n/30. At March 31, 2018, there is a $2,200 credit balance in allowance for doubtful accounts prior to adjustment. The company uses the percentage of receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below.

Age of Accounts	Estimated Percentage Uncollectible
Current	2%
1-30 days past due	7%
31-90 days past due	30%
Over 90 days	50%

Instructions

(a) Determine the total estimated uncollectible.

(b) Prepare the adjusting entry at March 31, 2018, to record bad debts expense.