Ivanhoe Company has accounts receivable of $ 92,700 at March 31, 2019. Credit terms are...
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Ivanhoe Company has accounts receivable of $ 92,700 at March 31, 2019. Credit terms are 2/10, n/30. At March 31,2019,there is a $ 2,196 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage accounts. The company's estimates of bad debts are as shown below. -of-receivables basis for estimating uncollectible Balance, March 31 Estimated Percentage Uncollectible of Accounts 2019 2018 Current 1-30 days past due 31-90 days past due Over 90 days past due $60,300 14,100 10,800 7,500 $92,700 $67.720 7,600 2,580 1,120 $79,020 2% 32 Part 1 Determine the total estimated uncollectibles. The total estimated uncollectibles eTextbook and Media List of Accounts
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