Using multiple attempts will impact your score. 20% score reduction after attempt 1 (b) Assume no other transactions occurred that affected the allowance account during March. Determine the balance of Allowance for Doubtful Accounts at March 31. Balance of Allowance for Doubtful Accounts at March 31$ On February 28 , Sunland Company had accounts receivable in the amount of $506,920 and Allowance for Doubtful Accounts had a credit balance of $2,486 before adjustment. Net credit sales for February amounted to $3,480,000. The credit manager estimated that uncollectible accounts would amount to 5% of accounts receivable. On March 10 , an accounts receivable from Kathy Black for $7,076 was determined to be uncollectible and written off. However, on March 31 , Black received an inheritance and immediately paid her past due account in full. (a) Your answer is correct. Prepare the journal entries made by Sunland Company on the following dates: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) 1. February 28 2. March 10 3. March 31