Stine Company has accounts receivable of $103,000 at March 31, 2014. An analysis of the accounts shows these amounts.

Stine Company has accounts receivable of $103,000 at March 31, 2014. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2014 2013 March $68,800 $74,400 February 14,700 7,400 December and January 11,300 2,200 November and October 8,200 1,400 $103,000 $85,400 Credit terms are 3/10, n/30. At March 31, 2014, there is a $3,900 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 Estimated Percentage Uncollectible Current 3 % 1–30 days past due 5 31–90 days past due 25 Over 90 days past due 52

(a) Your answer is correct. Determine the total estimated uncollectibles. The total estimated uncollectibles $ Attempts: 1 of 3 used

(b) Your answer is correct. Prepare the adjusting entry at March 31, 2014, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit