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Pharoah Salon Supply Company has accounts receivable of $103,900 at March 31, 2025. An analysis...

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Accounting

Pharoah Salon Supply Company has accounts receivable of $103,900 at March 31, 2025. An analysis of the accounts shows these amounts:

Balance, March 31

Month of Sale

2025

2024

March

 $74,000 $75,900

February

 12,200 8,600

December and January

 10,600 2,800

October and November

 7,100 1,500
$103,900 $88,800

Credit terms are 2/10, n/30. At March 31, 2025, there is a $4,100 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 uncollectibles are as shown below:

Age of Accounts

Estimated Percentage Uncollectible

Current

 2 %

130 days past due

 7

3190 days past due

 25

Over 90 days past due

 50

(a)

Determine the total estimated uncollectible accounts receivable at March 31, 2025.

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