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Exercise 8-6 (Part Level Submission) Novak Corp. has accounts receivable of $90,300 at March 31, 2019, Credit terms are 2/10, n/30, At March 31, 2019,
Exercise 8-6 (Part Level Submission) Novak Corp. has accounts receivable of $90,300 at March 31, 2019, Credit terms are 2/10, n/30, At March 31, 2019, there is a2,284 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 Uncollectible Age of Accounts2019 Current 1-30 days past due 31-90 days past due Over 90 days past due 6,800 2018 $61,700 $74,140 8,520 2,260 1,160 $90,300 $86,080 2% 12,600 9,200 28 49 Your answer is correct. Determine the total estimated uncollectibles The total estimated uncollectibles 7772 Click if you would like to Show Work for this question: Open Show Work
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