tps//edugen Kimmel, Financial Accounting, Be Gradebook ORION Downloadable eTextb

Question

tps//edugen Kimmel, Financial Accounting, Be Gradebook ORION Downloadable eTextbook ment Exercise 8-5 (Part Level Submission) Splish Brothers Inc, has accounts receivable of $100,400 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,262 cred estimating uncollectible accounts. The company's estimates of bad debts are as shown below Balance, March 31 Estimated Percentage 2017 2016 Uncollectible $69,500 2% Current 1-30 days past due 31-90 days past due Over 90 days past ue $77,290 ·230 2,430 1,190 13,100 29 50 9,800 8,000 $100,400 $89,140 ? (a) Determine the total estimated uncollectibles The total estimated uncollectibles DELL

Explanation / Answer

ESTIMATED UNCOLLECTIBLES: Age of Accounts Balance of AR % Uncollectibles Estimated Uncollectibles Current 69500 2% 1390 1-30 days 13100 5% 655 31-90 days 9800 29% 2842 Over90 days 8000 50% 4000 Estimated Uncollectibles 8887

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