Business, 26.06.2019 13:30 joyelewis58

Menge company has accounts receivable of $107,000 at march 31. month of sale balance, march 31 average age of receivables outstanding march $68,000 16 days february 21,900 48 days january 9,500 73 days prior to january 7,600 110 days 107,000 credit terms are 2/10, n/30. at march 31, allowance for doubtful accounts has a credit balance of $1,300 prior to adjustment. the company uses the percentage-of-receivables basis for estimating uncollectible accounts. the company's estimate of bad debts is shown below. age of accounts estimated percentage uncollectible 1–30 days 3.0% 31–60 days 5.0% 61–90 days 25.0% over 90 days 50.0% collapse question part (a) determine the total estimated uncollectibles.

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Menge company has accounts receivable of $107,000 at march 31. month of sale balance, march 31 avera...

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