Ivanhoe Company has accounts receivable of $92,700 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,196 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The companys estimates of bad debts are as shown below.

Exercise 8-5 (Part Level Submission) Ivanhoe Company has accounts receivable of $92,700 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,196 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 2016 Uncollectible Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due 2017 290 $60,300 $67,720 7,600 2,580 1,120 $92,700 $79,020 14,100 10,800 7,500 32 (a) Determine the total estimated uncollectibles. The total estimated uncollectibles Click if you would like to Show Work for this question: Open Show Work