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Ivanhoe Company has accounts receivable of $92,700 at March 31,2022. Credit terms are 210,n30. At...

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Accounting

Ivanhoe Company has accounts receivable of $92,700 at March 31,2022. Credit terms are 210,n30. At March 31,2022, there is a $2,196 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.
\table[[Age of Accounts,Balance, March 31,{
\table[[Estimated Percentage],[Uncollectible]]}],[2022,2021],[Current,$60,300,$67,720,,%
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