Reference no: EM131565040

Question -

Proehl Corporation has accounts receivable of $101,860 at March 31, 2015. An analysis of the accounts shows these amounts:

	Balance, March 31
	2015	2014
March (current)	$69,100	$75,420
February (1 - 30 days past due)	14,900	8,950
December and January (31 - 90 days past due)	10,860	2,280
November and October (over 90 days past due)	7,000	1,330
	$101,860	$87,980

Credit terms are 2/10, n/30. At March 31, 2014, there is a $2,090 credit balance in Allowance for Doubtful Accounts prior to estimating uncollectible accounts. The company's estimates of bad debts are as shown below.

Age of Accounts	Estimated Percentage Uncollectible
Current	2%
1-30 days past due	6%
31-90 days past due	30%
Over 90 days past due	50%

Prepare an aging schedule to determine the total estimated uncollectibles at March 31, 2015.