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Can anyone solve this question please ? Swifty Company has accounts receivable of $ 106,100 at March 31, 2022. Credit terms are 2/10,n/30. At Mar
Can anyone solve this question please ?
Swifty Company has accounts receivable of $ 106,100 at March 31, 2022. Credit terms are 2/10,n/30. At Mar 1,500 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentag for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Age of Accounts Balance March 31 Estimated Percentage Uncollectible 2022 2021 Current $61.500 $75,000 3% 1-30 days past due 26.600 8.000 596 31-90 days past due 9.500 2.400 2396 Over 90 days past due 8.500 1.100 5156 $ 106,100 $86,500 (a) Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles $ Step by Step Solution
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