Question
Oriole Company has accounts receivable of $101,124 at March 31, 2022. At March 31, 2022, there is a $2,226 balance in Allowance for Doubtful
Oriole Company has accounts receivable of $101,124 at March 31, 2022. At March 31, 2022, there is a $2,226 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 Current 2022 2021 Uncollectible $68,900 $79,500 2 % 1-30 days past due 13,700 8,480 5 31-90 days past due 10,680 2,544 30 Over 90 days past due 7,844 1,166 50 $101,124 $91,690 (a) Your answer is correct. Determine the total estimated uncollectibles. (b) The total estimated uncollectibles $ 9189 eTextbook and Media List of Accounts Indicate the amount to record as bad debt expense on March 31, 2022. Bad Debt Expense CA $ Attempts: 1 of 3 used
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