**Carla Vista Salon Supply Company Accounts Receivable Analysis (March 31, 2025)****Accounts Receivable Overview**:Carla Vista Salon Supply Company reports accounts receivable amounting to $105,000 as of March 31, 2025. The analysis details the balances by the month of sale for both March 31, 2025, and March 31, 2024.**Balance Analysis**:| Month of Sale | Balance, March 31, 2025 | Balance, March 31, 2024 ||----------------------|-------------------------|-------------------------|| March | $72,000 | $78,600 || February | $14,800 | $9,000 || December and January | $11,000 | $2,500 || October and November | $7,200 | $1,000 || **Total** | **$105,000** | **$91,100** |**Credit Terms**: Credit terms are stipulated as 2/10, n/30. As of March 31, 2025, the company identifies a $2,900 credit balance in the Allowance for Doubtful Accounts before adjustment.**Uncollectible Accounts Estimates**:The company assesses the uncollectible accounts basis using the percentages of receivables:- **Current accounts**: 2% uncollectible- **1–30 days past due**: 7% uncollectible- **31–90 days past due**: 25% uncollectible- **Over 90 days past due**: 50% uncollectible**(a) Uncollectible Accounts Receivable Calculation**:The task is to determine the total estimated uncollectible accounts receivable as of March 31, 2025.Total estimated uncollectibles accounts receivable:| **Total Estimated Uncollectibles Accounts Receivable** | $__________________ |*Note: To calculate this, please apply the respective percentages to the balances categorized by their age and sum the products to find the total estimated uncollectibles.*

Uncollectable accounts are amount of accounts receivable which are seems to be uncollectable. This…

Carla Vista Salon Supply Company has accounts receivable of $105,000 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 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 (a) 2025 $72,000 14,800 11.000 7,200 $105,000 Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,900 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 $78,600 7 2 % 25 9,000 50 2,500 Estimated Percentage 1,000 $91,100 Uncollectible Determine the total estimated uncollectible accounts receivable at March 31, 2025. Total estimated uncollectibles accounts receivable $

Carla Vista Salon Supply Company has accounts receivable of $105,000 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 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 (a) 2025 $72,000 14,800 11.000 7,200 $105,000 Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,900 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 $78,600 7 2 % 25 9,000 50 2,500 Estimated Percentage 1,000 $91,100 Uncollectible Determine the total estimated uncollectible accounts receivable at March 31, 2025. Total estimated uncollectibles accounts receivable $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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