Exercise 8-5

Whispering Winds Corp. has accounts receivable of $93,600at March 31, 2017. Credit terms are2/10, n/30. At March 31, 2017, there is a $2,216credit 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

Uncollectible

Age of Accounts

2017

2016

Current$63,800

$69,450

2%1-30 days past due12,200

7,740

531-90 days past due10,000

2,630

29Over 90 days past due7,600

1,140

54$93,600

$80,960

Determine the total estimated uncollectibles.