Blossom Salon Supply Company has accounts receivable of $89,000 at March 31, 2025. An analysis of...

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Blossom Salon Supply Company has accounts receivable of $89,000 at March 31, 2025. An analysis of the accounts shows these amounts: Balance, March 31 Month of Sale 2025 2024 March $60,000 $75,000 February 12.000 8,000 December and January 10,000 2,000 October and November 7,000 1,000 $89,000 $86,000 Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,500 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 uncollectibles are as shown below: Estimated Percentage Age of Accounts Current Uncollectible 2% 1-30 days past due 7 31-90 days past due 25 Over 90 days past due 50 22 (b) Prepare the adjusting entry at March 31, 2025, to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Mar. 31 Account Titles and Explanation Debit Credit Blossom Salon Supply Company has accounts receivable of $89,000 at March 31, 2025. An analysis of the accounts shows these amounts: Balance, March 31 Month of Sale 2025 2024 March $60,000 $75,000 February 12.000 8,000 December and January 10,000 2,000 October and November 7,000 1,000 $89,000 $86,000 Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,500 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 uncollectibles are as shown below: Estimated Percentage Age of Accounts Current Uncollectible 2% 1-30 days past due 7 31-90 days past due 25 Over 90 days past due 50 22 (b) Prepare the adjusting entry at March 31, 2025, to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Mar. 31 Account Titles and Explanation Debit Credit