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Exercise 8-4 (Part Level Submission) Menge Company has accounts receivable of $108,900 at March 31. An analysis of the accounts shows the following information. Month
Exercise 8-4 (Part Level Submission) Menge Company has accounts receivable of $108,900 at March 31. An analysis of the accounts shows the following information. Month of Sale March February January Prior to January Balance, March 31 $70,800 20,300 9,400 8,400 $108,900 Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,470 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is shown below. Age of Accounts 1-30 days 31-60 days 61-90 days Over 90 days Estimated Percentage Uncollectible 3% 6% 21% 52% (a) X Your answer is incorrect. Try again. Determine the total estimated uncollectibles. Total estimated uncollectibles 8214
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