Question 7 --/5 View Policies Current Attempt in Progress apport Marx Corporation has accounts receivable of $94,300 at March 31, 2018. An analysis of the accounts shows these amounts Month of Sale March (current) February ( 1 - 30 days past due) December and January (31 - 90 days past due) (over 90 days past due) Balance, March 31 2018 2017 $64,200 $74,200 13,700 7,500 9,000 2,500 7,400 1,100 $94,300 $85,300 Credit terms are 2/10,n/30. At March 31, 2018, there is an unadjusted $2.200 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Marx'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 Estimated Percentage Uncollectible 3% 5% 30% 50% Prepare an aging schedule to determine the total estimated uncollectibles at March 31, 2018. Accounts Receivable Amount % Estimated Uncollecti Current $ $ 1-30 days past due 31-90 days past due Over 90 days past due TA List of Accounts Prepare the adjusting entry at March 31, 2018, to record bad debts expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Mar. 31 List of Accounts