kimmel Assignment Gradebook ORION Downloadable eTextbook y & Practice Assignment

Question

kimmel Assignment Gradebook ORION Downloadable eTextbook y & Practice Assignment UcEsrcise 8-S (Part Level Submission) URCES Sheridan Company has accounts receivable of $87,400 at March 31, 2017. Cre estimating uncollectible accounts. The company's estimates of bad debts are as Balance, March 31 pestiemated Percentage 2016 Uncollectible Age of Accounts2017 Current $59,100 $78,000 2% by Studv 1-30 days past due 12,000 8,780 31-90 days past due 9,200 Over 90 days past due 7.100 $87,400 2,350 1,210 $90,340 30 53 Determine the total estimated uncollectibles. The total estimated uncollectibles SHOW LIST OF ACCOUNTS LINK ?O TEXT VIDEO: APPLIEO

Explanation / Answer

Calculate estimated uncollectible amount :

The total estimated uncollectibles = $8305

Days Amount Current 59100 2% 1182 1-30 days 12000 5% 600 31-90 days 9200 30% 2760 Over 90 days 7100 53% 3763 Total 8305

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