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Exercise 8-06 c (Essay) Godfreid Company has accounts receivable of $95,400 at March 31, 2022....

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Exercise 8-06 c (Essay) Godfreid Company has accounts receivable of $95,400 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, 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 Estimated Percentage Age of Accounts 2022 2021 Uncollectible Current $65,000 $75,000 2% 1-30 days past due 12,900 8,000 31-90 days past due 10,100 2,400 Over 90 days past due_7,400 1,100 $95,400 $86,500 (c) Discuss the implications of the changes in the aging schedule from 2021 to 2022. Click if you would like to Show Work for this question: Open Show Work

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