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  3. skysong company has accounts receivable of $112,40

Skysong Company has accounts receivable of $112,400 at March 31, 2022. Credit terms are 2/10,...

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Accounting

Skysong Company has accounts receivable of $112,400 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,500 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. Age of Accounts Balance, March 31 Estimated Percentage Uncollectible 2022 2021 Current $78,000 $75,000 2% 1-30 days past due 18,200 8,000 7% 31-90 days past due 8,600. 2,400 23% Over 90 days past due 7,600 1,100 51% $112,400 $86,500 (a) Determine the total estimated uncollectibles at March 31, 2022

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