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Sheffield Corp. has accounts receivable of $94,400 at March 31, 2017. Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts.
Sheffield Corp. has accounts receivable of $94,400 at March 31, 2017. 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 terms are 2/10, n/30. At March 31, 2017, there is a $2,115 credit balance in Allowance for Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due 2017 2016 Uncollectible 2% 7,240 2,260 1.010 $94,400 $92,470 13,300 9,100 2,600 47 SHOW LIST OF
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