Business, 20.09.2020 15:01 nika0001

Godfreid Company has accounts receivable of $95,400 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,100 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
Age of Accounts 2017 2016 Estimate Percentage Uncollectible
Current $65,000 $75,000 2%
1-30 days past due 12,900 8,000 5
31-90 days past due 10,100 2,400 30
Over 90 days past due 7,400 1,100 50
$95,400 $86,500
Determine the total estimated uncollectibles.

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Godfreid Company has accounts receivable of $95,400 at March 31, 2017. Credit terms are 2/10, n/30....

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