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Ivanhoe Company has accounts receivable of $122,112 at March 31, 2022. At March 31, 2022, there is a $2,688 balance in Allowance for Doubtful Accounts
Ivanhoe Company has accounts receivable of $122,112 at March 31, 2022. At March 31, 2022, there is a $2,688 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. Estimated Percentage Uncollectible 2 % Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 2021 $83,200 $96.000 16,560 10,240 12,880 3,072 9,472 1.408 5 30 50 $122,112 $110.720 (a) Your answer is correct. Determine the total estimated uncollectibles. The total estimated uncollectibles $ 11092 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) X Your answer is incorrect. Indicate the amount to record as bad debt expense on March 31, 2022. Bad Debt Expense 2688
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