Pharoah Company has Accounts Receivable Of $89,200 at March 31, 2022. Credit Terms Are 2/10, N/30. At March 31, 2022, There Is A $2,151 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. Balance, March 31 Estimated Percentage Uncollectible Age Of Accounts 2022 2021 Current $60,400 $80,160 2 % 1–30 Days Past Due 12,000 8,610 5 31–90 Days Past Due 10,200 2,400 31 Over 90 Days Past Due 6,600 1,070 48 $89,200 $92,240 (a) Determine The Total Estimated Uncollectibles At March 31, 2022. Total Estimated Uncollectibles $Enter A Dollar Amount

Pharoah Company has accounts receivable of $89,200 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,151 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. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current $60,400 $80,160 2 % 1–30 days past due 12,000 8,610 5 31–90 days past due 10,200 2,400 31 Over 90 days past due 6,600 1,070 48 $89,200 $92,240 (a) Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles $Enter a dollar amount

- November 14, 2022 - Edwin Tunner

Pharoah Company has accounts receivable of $89,200 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,151 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.

	Balance, March 31	Estimated Percentage Uncollectible
Age of Accounts	2022	2021
Current	$60,400	$80,160	2	%
1–30 days past due	12,000	8,610	5
31–90 days past due	10,200	2,400	31
Over 90 days past due	6,600	1,070	48
	$89,200	$92,240

(a)

Determine the total estimated uncollectibles at March 31, 2022.

Total estimated uncollectibles

$Enter a dollar amount

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