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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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 2021 $61,600 $78,910 14,100 7,420 9,500 2,280 6,800 1,200 $92,000 $89,810 Estimated Percentage Uncollectible 2 % 5 31 52 (a) Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles $
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