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Sunland Company has accounts receivable of $100,300 at March 31, 2027. Credit terms are 2/10, n/30. At March 31, 2027, there is a $2,050 credit
Sunland Company has accounts receivable of $100,300 at March 31, 2027. Credit terms are 2/10, n/30. At March 31, 2027, there is a $2,050 credit 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 uncollectibles are as shown below. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due (a) Balance, March 31 2027 $71,300 $82,260 11,800 9,100 8,100 2026 8,230 Total Estimated Uncollectibles $ 2,250 1,100 $100,300 $93,840 Estimated Percentage Uncollectible 2 % 5 30 50 Determine the total estimated uncollectibles at March 31, 2027.
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