Reference no: EM132647384
Question - Whispering Winds Corp. has accounts receivable of $93,600 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,216 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 2017 2016
Current $63,800 $69,450 2%
1-30 days past due 12,200 7,740
531-90 days past due 10,000 2,630 29
Over 90 days past due 7,600 1,140 54
$93,600 $80,960
Required - Determine the total estimated uncollectibles.