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Metlock, Inc. has accounts receivable of $82,044 at March 31, 2022. At March 31, 2022, there is a $1,806 balance in Allowance for Doubtful Accounts
Metlock, Inc. has accounts receivable of $82,044 at March 31, 2022. At March 31, 2022, there is a $1,806 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 $55,900 $64,500 2 % 1-30 days past due 11,100 6,880 5 31-90 days past due 8,680 2,064 30 Over 90 days past due 6,364 946 50 $82,044 $74,390 Determine the total estimated uncollectibles. The total estimated uncollectibles $ $ 7459 List of Accounts Indicate the amount to record as bad debt expense on March 31, 2022. Bad Debt Expense $
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