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Homework answers / question archive / Godfreid Company has accounts receivable of $95,400 at March 31, 2022

Godfreid Company has accounts receivable of $95,400 at March 31, 2022

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Godfreid Company has accounts receivable of $95,400 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, 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 Balance, March 31 Estimated Percentage Uncollectible 2022 2021 Current $65.000 $75,000 2 % 1-30 days past due 12,900 8.000 5 31-90 days past due 10.100 2.400 30 Over 90 days past due 7,400 1.100 50 $95,400 $86,500 
Determine the total estimated uncollectibles at March 31, 2022. 
Total estimated uncollectibles 
 

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