Tamarisk, Inc. has accounts receivable of $96,500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,244 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 uncollectibles are as shown below. Balance, March 31 Estimated Percentage Age of Accounts 2022 2021 Uncollectible Current $66,000 $79,900 2 % 1-30 days past due 13,000 7,930 5 31-90 days past due 10,600 2,540 30 Over 90 days past due 6,900 1,060 50 $96,500 $91,430 (a) Determine the total estimated uncollectibles at March 31, 2022. The total estimated uncollectibles $
Tamarisk, Inc. has accounts receivable of $96,500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,244 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 uncollectibles are as shown below. Balance, March 31 Estimated Percentage Age of Accounts 2022 2021 Uncollectible Current $66,000 $79,900 2 % 1-30 days past due 13,000 7,930 5 31-90 days past due 10,600 2,540 30 Over 90 days past due 6,900 1,060 50 $96,500 $91,430 (a) Determine the total estimated uncollectibles at March 31, 2022. The total estimated uncollectibles $
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4PB: Bristax Corporation recorded $1,385,660 in credit sales for the year, and $732,410 in accounts...
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