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Pharoah Company has accounts receivable of $98,700 at March 31, 2025. Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,000
Pharoah Company has accounts receivable of $98,700 at March 31, 2025. Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,000 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 Age of Accounts 2025 2024 Uncollectible Current $68,400 $70,460 2% 1-30 days past due 12,900 8,130 5 31-90 days past due 9,200 2,330 29 Over 90 days past due 8,200 1,180 47 $98,700 $82,100 (a) Determine the total estimated uncollectibles at March 31, 2025. Total estimated uncollectibles $
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