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Whispering Winds Corp. has accounts receivable of $93,600 at March 31, 2017. At March 31, 2017, there is a $2,216 balance in Allowance for Doubtful
Whispering Winds Corp. has accounts receivable of $93,600 at March 31, 2017. At March 31, 2017, there is a $2,216 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 Uncollectible Age of Accounts 2017 2016 Current $63,800 $69,450 2 % 1-30 days past due 12,200 7,740 31-90 days past due 10,000 2,630 Over 90 days past due 7,600 $93,600 1,140 $80,960 Your answer is correct. Determine the total estimated uncollectibles. The total estimated uncollectibles $ 8890 X Your answer is incorrect. Indicate the amount to record as bad debt expense on March 31, 2017. Bad Debt Expense $
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