Wildhorse Salon Supply Company has accounts receivable of $96,900 at March 31, 2025. An analysis of...

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Wildhorse Salon Supply Company has accounts receivable of $96,900 at March 31, 2025. An analysis of the accounts shows these amounts: Month of Sale March February December and January October and November Age of Accounts Current Balance, March 31 1-30 days past due 31-90 days past due Over 90 days past due 2025 $63,000 15,000 11,000 7,900 $96,900 Credit terms are 2/10, n/30. At March 31, 2025, there is a $3,600 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 uncollectibles are as shown below. 2024 7 $75,800 8,000 2,900 1,200 Estimated Percentage Uncollectible 25 $87,900 2% 50 Determine the total estimated uncollectible accounts receivable at March 31. 2025. Wildhorse Salon Supply Company has accounts receivable of $96,900 at March 31, 2025. An analysis of the accounts shows these amounts: Month of Sale March February December and January October and November Age of Accounts Current Balance, March 31 1-30 days past due 31-90 days past due Over 90 days past due 2025 $63,000 15,000 11,000 7,900 $96,900 Credit terms are 2/10, n/30. At March 31, 2025, there is a $3,600 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 uncollectibles are as shown below. 2024 7 $75,800 8,000 2,900 1,200 Estimated Percentage Uncollectible 25 $87,900 2% 50 Determine the total estimated uncollectible accounts receivable at March 31. 2025.

Answer rating: 100% (QA)

To determine the total estimated uncollectible accounts receivable at March 31 2025 we need to calcu... View the full answer