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Wildhorse Co. has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,230
Wildhorse Co. has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,230 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 bad debts are as shown below. Balance, March 31 Estimated Percentage Age of Accounts 2022 2021 Uncollectible Current $61,600 $78,910 1-30 days past due 14,100 7,420 25 2 % 31-90 days past due 9,500 2,280 30 Over 90 days past due 6,800 1,200 50 $92,000 $89,810 (a) Your answer is incorrect. Determine the total estimated uncollectibles at March 31 2022. The total estimated uncollectibles $ 8418
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