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Blossom Company has accounts receivable of $98,700 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, th
Posted: Thu May 05, 2022 5:41 am
by answerhappygod
- Blossom Company Has Accounts Receivable Of 98 700 At March 31 2022 Credit Terms Are 2 10 N 30 At March 31 2022 Th 1 (50.9 KiB) Viewed 50 times
Blossom Company has accounts receivable of $98,700 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,045 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. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current $68,400 $70,460 1-30 days past due 12,900 8,130 31-90 days past due 9,200 2,330 Over 90 days past due 8,200 1,180 $98,700 $82,100 (a) x Your answer is incorrect. Determine the total estimated uncollectibles at March 31 2022. The total estimated uncollectibles $ 8535 2% 5 30 50