Show Attempt History Current Attempt in Progress Clinton Corporation has accounts receivable of $94,700 at March 31, 2018. An analysis of the accounts shows these amounts Balance, March 31 2018 2017 Month of Sale March (current) $66,300 $74,700 February ( 130 days past due) 11,300 8.100 December and January (31-90 days past duel 10,400 2.100 6,700 1.200 (over 90 days past due) $94,700 586, 100 Credit terms are 2/10,n30. AL March 31, 2018. there is an unadjusted $2.600 credit balance in Allowance for Doubthail Accounts. The by age category for estimating uncollectible accounts Clinton's estimates of bad debts Credit terms are 2/10, 1/30. 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 Clinton's estimates of bad debts are as shown below. Estimated Percentage Uncollectible Age of Accounts Current 3% 1-30 days past due 5% 31-90 days past due 30 Over 90 days past doe 50 Your answer is correct Prepare an aging schedule to determine the total estimated uncollectibles at March 31, 2018 Accounts Receivable Amount % Estimated Uncollectible Current S 66300 $ 1989 1-30 days past due 11300 5 565 31-90 days past due 10400 30 3120 Over 90 days past due 6700 50 3350 5 P02 Your answer is partially correct. 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 Bad Debts Expense Allowance for Doubtful Accounts . e Textbook and Media