Vaughn Manufacturing has accounts receivable of $97,900 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $1,951 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The companys estimates of bad debts are as shown below. Prepare the adjusting entry at March 31, 2017, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2017 Current 2016 $69,000 $80,200 2% -30 days past due 12,000 7,260 28 31-90 days past due 9,900 2,500 Over 90 days past due1,060 53 $97,900 $91,020