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Splish Brothers Inc. has accounts receivable of $108,756 at March 31, 2022. At March 31, 2022, there is a $2,394 balance in Allowance for Doubtful
Splish Brothers Inc. has accounts receivable of $108,756 at March 31, 2022. At March 31, 2022, there is a $2,394 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 $74,100 $85,500 2 % 1-30 days past due 14,740 9,120 5 31-90 days past due 11,480 2,736 30 Over 90 days past due 8,436 1,254 50 $108,756 $98,610 (a) Determine the total estimated uncollectibles. The total estimated uncollectibles $
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