Question
Question 9 of 9 View Policies Show Attempt History Current Attempt in Progress 0.5/1 E Bonita Industries has accounts receivable of $80.136 at March
Question 9 of 9 View Policies Show Attempt History Current Attempt in Progress 0.5/1 E Bonita Industries has accounts receivable of $80.136 at March 31, 2022. At March 31, 2022, there is a $1,764 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 2022 2021 Uncollectible Current $54,600 $63,000 2 % 1-30 days past due 10,840 6,720 31-90 days past due 8,480 2.016 Over 90 days past due 6,216 924 50 885 30 $80,136 $72,660
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started