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Determine the total estimated uncollectibles and indicate the amount to record as bad debt expense on March 31, 2022. Show Attempt History Current Attempt in
Determine the total estimated uncollectibles and indicate the amount to record as bad debt expense on March 31, 2022.
Show Attempt History Current Attempt in Progress 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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due (a) Balance, March 31 2022 $58,500 11,620 9,080 6,660 2021 Your answer is incorrect. $67,500 7,200 2,160 990 $85,860 $77,850 Estimated Percentage Uncollectible 2 % 5 30 50
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