Age of Accounts | Balance Mar 31,2017 | Estimated % Uncollectible | Estimated Amount Uncollectible |
Current | 61600 | 2% | 1232 |
1-30 days past due | 14100 | 5% | 705 |
31-90 days past due | 9500 | 31% | 2945 |
Over 90 days past due | 6800 | 52% | 3536 |
Total | 92000 | 8418 | |
The total estimated uncollectibles | 8418 |
Exercise 3-5 Wildhorse Co. has accounts receivable of $92,000 at March 31, 2017. Credit terms are 2/10, 130. At Ma...
Blossom Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,230 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. Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 2021 $61,600...
Of Costello Compar X murses/16807/assignments/431304?module_itemid=861859 View Policies Current Attempt in Progress Wildhorse Co. has accounts receivable of $92,000 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $2,230 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 Estimated Percentage Age of Accounts 2019 2020 Uncollectible $61,600 $78,910 Current...
Exercise 8-5 Bonita Industries has accounts receivable of $98,500 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $1,977 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 Estimat Percentage 2017 2016 Uncollectible Age of Accounts Current 1-30 days past due 31-90 days past due 296 $69,600 $70,010 12,000...
Coronado Industries has accounts receivable of $89,200 at March 31, 2017. At March 31, 2017, there is a $2,151 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 Estimated Percentage Uncollectible Age of Accounts 2017 2016 Current $60,400 $80,160 2 % 1–30 days past due 12,000 8,610 5 31–90 days past due 10,200 2,400 31 Over 90...
Exercise 3-5 Waterway Industries has accounts receivable of $98,600 at March 31, 2017. Credit terms are 2/10, V30. At March 31, 2017, there is a $2,227 credit balance in Allowance for Doubthul 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 Estimated Percentage Age of Accounts 2017 2016 Uncollectible Current $68,400 $69,990 1-30 days past due 13,700 7,880 31-90 days past due...
Cullumber Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,949 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 Estimated Percentage Age of Accounts Uncollectible 2022 2021 Current $61,400 $76,320 2% 1-30 days past due 13,800 8,280 31-90 days past due 9,900...
Carla Vista Co. has accounts receivable of $92,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,154 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 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current $60,500 14,000 $77,250 7,550 1-30 days past due 2,370 31-90 days past due...
ent Exercise 8-5 has accounts receivable of $97.900 at March 31, 2017, Credit terms are 2/10, n/30. At March 31, 2017, there is a $1,951 credit balance in Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables shown below. basis for estimating uncollectible accounts.T ,951 credit balance in Allowance for estimates of bad debts are as Balance, March 31 Estimated Percentage Current $69,000 $80,200 1-30 days past due 12,000 7,260 31-90 days past due 9,900 2,500 Over 90 days...
Carla Vista Co. has accounts receivable of $92.600 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2,154 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. Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due Balance, March 31 7 2022 2021 $60,500 $77.250 14,000 7,550 2,370 8,000 1.170 $92,600...
xercise 8-5 ovak Corp. has accounts receivable of $90,300 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,284 credit balance in Allowance for Doubtfu elow. ccounts prior to adjustment. The company uses the percentage -of receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as show Balance, March 31 Estimated Percentage e of Accounts Current 2017 2016 Un $61,700 $74,140 1-30 days past due 12,600 8,520 31-90 days...