Proehl Company has accounts receivable of $95,100 at March 31, 2012. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2012 2011 March $65,000 $75,000 February 12,600 8,000 December and January 10,100 2,400 November and October 7,400 1,100 $95,100 $86,500 Credit terms are 2/10, n/30. At March 31, 2012, there is a $2,400 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 follows. Estimated Percentage Age of Accounts Uncollectible Current 2 % 1-30 days past due 5 31-90 days past due 30 Over 90 days past due 50 (a) Determine the total estimated uncollectibles. $ (b) Prepare the adjusting entry at March 31, 2012, to record bad debts expense. Date Account/Description Debit Credit Mar. 31