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Wildhorse Company has accounts receivable of $92,100 at March 31, 2025. Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,100 credit
Wildhorse Company has accounts receivable of $92,100 at March 31, 2025. Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,100 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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2025 $63,500 11,700 10,300 6,600 2024 $80,330 7,610 2,480 1,030 $92,100 $91,450 Estimated Percentage Uncollectible 2 % 5 31 51 Wildhorse Company has accounts receivable of $92,100 at March 31, 2025. Credit terms are 2/10, n/30. At March 31,2025 , there is a $2,100 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. Determine the total estimated uncollectibles at March 31, 2025. Total estimated uncollectibles
Wildhorse Company has accounts receivable of $92,100 at March 31, 2025. Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,100 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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2025 $63,500 11,700 10,300 6,600 2024 $80,330 7,610 2,480 1,030 $92,100 $91,450 Estimated Percentage Uncollectible 2 % 5 31 51
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