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Blossom Company has accounts receivable of $ 92,000 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there is a $2.230 credit
Blossom Company has accounts receivable of $ 92,000 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there is a $2.230 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 2022 2021 Age of Accounts Estimated Percentage Uncollectible Current $ 61,600 $78,910 2 96 14,100 7.420 5 1-30 days past due 31-90 days past due Over 90 days past due 9,500 2.280 31 6.800 1,200 52 $ 92,000 $ 89,810 (a) Determine the total estimated uncollectibles at March 31,2022. Total estimated uncollectibles $
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