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Indigo Corporation has accounts receivable of $116,388 at March 31, 2022. At March 31, 2022, there is a $2,562 balance in Allowance for Doubtful Accounts
Indigo Corporation has accounts receivable of $116,388 at March 31, 2022. At March 31, 2022, there is a $2,562 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 $79,300 $91,500 2 % 1-30 days past due 15.780 9,760 5 31-90 days past due 12.280 2.928 30 Over 90 days past due 9,028 1.342 50 $116.388 $105,530 (a) Determine the total estimated uncollectibles. The total estimated uncollectibles $ Save for Later (b) The
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