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Bonita Industries has accounts receivable of $80,136 at March 31, 2022. At March 31, 2022, there is a $1.764 balance in Allowance for Doubtful
Bonita Industries has accounts receivable of $80,136 at March 31, 2022. At March 31, 2022, there is a $1.764 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 Age of Accounts 2022 2021 Uncollectible Current $54,600 $63,000 2 % 1-30 days past due 10,840 6,720 5 31-90 days past due 8,480 2,016 30 Over 90 days past due 6.216 924 50 $80.136 $72,660 (a) Determine the total estimated uncollectibles. The total estimated uncollectibles $
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