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Oriole Company has accounts receivable of $93,600 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2,216 credit
Oriole Company has accounts receivable of $93,600 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2,216 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 Uncollectible Age of Accounts 2022 2021 Current 1-30 days past due 31-90 days past due $63,800 $69.450 12,200 7,740 10,000 2,630 7,600 1,140 $93,600 $80,960 Over 90 days past due x Your answer is incorrect. Determine the total estimated uncollectibles at March 31, 2022 Total estimated uncollectibles $ C 8 209
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