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Sweet Acacia Industries has accounts receivable of $114,480 at March 31, 2022. At March 31, 2022, there is a $2,520 balance in Allowance for Doubtful
Sweet Acacia Industries has accounts receivable of $114,480 at March 31, 2022. At March 31, 2022, there is a $2,520 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 $78,000 $90,000 2 % 1-30 days past due 15,520 9,600 31-90 days past due 12,080 2,880 30 Over 90 days past due 8.880 1,320 50 88 $114,480 $103,800 (a) Determine the total estimated uncollectibles. The total estimated uncollectibles $ eTextbook and Media
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