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Question 4 of 5 -/8 View Policies Current Attempt in Progress Springfield Corporation has accounts receivable of $96,000 at March 31, 2022. An analysis of
Question 4 of 5 -/8 View Policies Current Attempt in Progress Springfield Corporation has accounts receivable of $96,000 at March 31, 2022. An analysis of the accounts shows these amounts. Month of Sale March (current) February (1 - 30 days past due) December and January (31 - 90 days past due) (over 90 days past due) Balance, March 31 2022 2021 $65,900 $76,200 12,900 7,900 10.100 2,100 7,100 1.200 $96.000 $87.400 Credit terms are n/30. At March 31, 2022, 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 Springfield's estimates of bad debts are as shown below. Estimated Percentage Uncollectible Age of Accounts Credit terms are n/30. At March 31, 2022, 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 Springfield's estimates of bad debts are as shown below. Estimated Percentage Uncollectible Age of Accounts Current 2% 5% 1-30 days past due 31-90 days past due Over 90 days past due 30% 50% Prepare an aging schedule to determine the total estimated uncollectibles accounts at March 31, 2022
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