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ACCOUNTING question: Determine the total estimated uncollectibles at march 31,2022. Cheyenne Company has accounts receivable of $108,000 at March 31,2022 . Credit terms are 2/10,n/30.
ACCOUNTING question:
Cheyenne Company has accounts receivable of $108,000 at March 31,2022 . Credit terms are 2/10,n/30. At March 31, 2022, there is a $1,400 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. (a) Determine the total estimated uncollectibles at March 31, 2022. Totalestimated uncollectibles Determine the total estimated uncollectibles at march 31,2022.
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