Question: I am having trouble solving this question. how would I find the solution to this problem? Metlock Company has accounts receivable of $116,800 at March

 I am having trouble solving this question. how would I find

I am having trouble solving this question. how would I find the solution to this problem?

the solution to this problem? Metlock Company has accounts receivable of $116,800

Metlock Company has accounts receivable of $116,800 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,300 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 estimate of bad debts is shown below. Balance, Age of Accounts Estimated Percentage March 31 Uncollectible 2020 2019 Current $74,300 $75,000 1-30 days past due 25,000 8.000 7% 31-90 days past due 9.500 2,400 21% Over 90 days past due 8.000 1,100 53% $116,800 $86,500

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