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Blossom Company has accounts receivable of $ 107,000 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there is a $ 1,300
Blossom Company has accounts receivable of $ 107,000 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there is a $ 1,300 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 $ 68,000 $75,000 3% 1-30 days past due 21,900 8,000 5% 31-90 days past due 9,500 2,400 25% Over 90 days past due 7,600 1,100 50% $ 107,000 $86,500 (a) Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles $
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