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Current Attempt in Progress Crane Company has accounts receivable of \(\$ 120,204\) at...

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Accounting

Current Attempt in Progress
Crane Company has accounts receivable of \(\$ 120,204\) at March 31,2027. At March 31,2027, there is a \(\$ 2,646\) 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 follows.
\begin{tabular}{|c|c|c|c|}
\hline \multirow[b]{2}{*}{Age of Accounts} & \multicolumn{2}{|l|}{Balance, March 31} & \multirow[t]{2}{*}{\begin{tabular}{l}
Estimated Percentage \\
Uncollectible
\end{tabular}}\\
\hline & 2027 & 2026 & \\
\hline Current & \$81,900 & \$94,500 & 2\%\\
\hline 1-30 days past due & 16,300 & 10,080 & 5\\
\hline 31-90 days past due & 12,680 & 3,024 & 30\\
\hline Over 90 days past due & 9,324 & 1,386 & 50\\
\hline & \$120,204 & \$108,990 & \\
\hline
\end{tabular}(a)
Determine the total estimated uncollectibles for 2027.
The total estimated uncollectibles
\$
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