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Windsor, Inc. has accounts receivable of $78,228 at March 31, 2022. At March 31, 2022, there is a $1,722 balance in Allowance for Doubtful Accounts
Windsor, Inc. has accounts receivable of $78,228 at March 31, 2022. At March 31, 2022, there is a $1,722 balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The companys estimates of bad debts are as shown below.
Balance, March 31 | Estimated Percentage | ||||||
---|---|---|---|---|---|---|---|
Age of Accounts | 2022 | 2021 | Uncollectible | ||||
Current | $53,300 | $61,500 | 2 | % | |||
130 days past due | 10,580 | 6,560 | 5 | ||||
3190 days past due | 8,280 | 1,968 | 30 | ||||
Over 90 days past due | 6,068 | 902 | 50 | ||||
$78,228 | $70,930 |
(a)
Determine the total estimated uncollectibles.
The total estimated uncollectibles | $enter the total estimated uncollectibles in dollars |
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