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Exercise 8-06 a-b (Part Level Submission) Wildhorse Co. has accounts receivable of $94,400 at March 31, 2022. Credit terms are 2/10, n/30. At March 31,
Exercise 8-06 a-b (Part Level Submission) Wildhorse Co. has accounts receivable of $94,400 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,115 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. Balance, March 31 Estimated - Percentage Age of Accounts 2022 2021 Uncollectible Current $64,400 $81,960 2 % 1-30 days past due 13,300 7,240 31-90 days past due 9,100 2,260 Over 90 days past due 7,600 1,010 $94,400 $92,470 (a) Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles Click if you would like to Show Work for this question: Open Show Work
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