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Coronado Industries has accounts receivable of $85,860 at March 31, 2022. At March 31, 2022, there is a $1,890 balance in Allowance for Doubtful Accounts
Coronado Industries has accounts receivable of $85,860 at March 31, 2022. At March 31, 2022, there is a $1,890 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 $58,500 $67,500 2 % 1-30 days past due 11,620 7.200 5 31-90 days past due 9.080 2.160 30 Over 90 days past due 6.660 990 50 $85,860 $77,850 Determine the total estimated uncollectibles $85,860 $77,850 Determine the total estimated uncollectibles. The total estimated uncollectibles $ List of Accounts Indicate the amount to record as bad debt expense on March 31, 2022 Bad Debt Expense $
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