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Windsor, Inc. has accounts receivable of $96,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,287
Windsor, Inc. has accounts receivable of $96,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,287 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 Age of Accounts 2022 2021 Estimated Percentage Uncollectible Current $65,600 $75,150 2 % 1-30 days past due 13,500 7,870 5 31-90 days past due 9,800 2,630 30 Over 90 days past due 7,700 1,140 50 $96,600 $86,790 * Your answer is incorrect. Determine the total estimated uncollectibles at March 31 2022. The total estimated uncollectibles 8350
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