typing. table format

E8-5 Godfreid Company has accounts receivable of $95,400 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,100 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 Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2017 2016 $65,000 $75,000 12,900 8,000 10,100 2,400 7,400 1,100 $95,400 $86,500 Estimated Percentage Uncollectible 2% 5 30 50 Instructions (a) Determine the total estimated uncollectibles. (b) Prepare the adjusting entry at March 31, 2017, to record bad debt expense. (c) Discuss the implications of the changes in the aging schedule from 2016 to 2017