Ridgewood Corporation has accounts receivable of $98,100 at March 31, 2018. An analysis of the accounts shows these amounts.

Balance, March 31

Month of Sale 2018 2017

March (current) $66,200 $74,900

February (1 30 days past due) 13,300 7,800

December and January (31 90 days past due) 10,500 2,600

(over 90 days past due) 8,100 1,000

$98,100 $86,300

Credit terms are 2/10, n/30. At March 31, 2018, there is an unadjusted $2,600 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Ridgewoods estimates of bad debts are as shown below.

Age of Accounts Estimated Percentage Uncollectible

Current 2%

130 days past due 5%

3190 days past due 30%

Over 90 days past due 50%

Prepare an aging schedule to determine the total estimated uncollectibles at March 31, 2018.

Prepare the adjusting entry at March 31, 2018, 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 for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31