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Exercise 8-6 (Part Level Submission) Splish Brothers Inc. has accounts receivable of $100,400 at March 31, 2019. Credit terms are 2/10, n/30. At March 31,
Exercise 8-6 (Part Level Submission) Splish Brothers Inc. has accounts receivable of $100,400 at March 31, 2019. Credit terms are 2/10, n/30. At March 31, 2019, there is a $2,262 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 2019 2018 Uncollectible Current $69,500 $77,290 2% 1-30 days past due 13,100 8,230 5 31-90 days past due 9,800 2,430 29 Over 90 days past due 8,000 1,190 50 $100,400 $89,140 (a) Determine the total estimated uncollectibles for 2019. The total estimated uncollectibles $
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