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Wildhorse Co. has accounts receivable of $97,308 at March 31, 2022. At March 31, 2022, there is a $2,142 balance in Allowance for Doubtful Accounts
Wildhorse Co. has accounts receivable of $97,308 at March 31, 2022. At March 31, 2022, there is a $2,142 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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 2021 $66,300 $76,500 13,180 8,160 10,280 2.448 7.548 1,122 $97,308 $88,230 Estimated Percentage Uncollectible 2 % 5 30 50 Indicate the amount to record as bad debt expense on March 31, 2022. Bad Debt Expense
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