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Question 1 View Policies Current Attempt in Progress Greencastle Corporation has accounts receivable of $94,300 at March 31, 2016. An analysis of the accounts shows
Question 1 View Policies Current Attempt in Progress Greencastle Corporation has accounts receivable of $94,300 at March 31, 2016. An analysis of the accounts shows these amaunts. Balance, March 31 Month of Sale 2018 2017 March (current) $65.200 $75,900 February (1 - 30 days past due) 11,500 ,000 December and January (31 - 90 days past due) 10,800 2,300 lover 90 days past due) 6,800 1,100 $94,300 $87,300 Credit ters are 2/10, /30. At March 31, 2018, there is an unadjusted $2,300 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Greencastle's estimates of bad debts are as shown below. Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due 30% 50% Prepare an aging schedule to determine the tatal estimated urcollectibles at March 31. 2018 Accounts Receivable Amount Estimated Uncollectible Current 1-30 days past due 31-90 days past due Over 90 days past due Textbook and Media
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