Shamrock, Inc. has accounts receivable of $120,204 at March 31, 2022. At March 31, 2022, there is a $2.646 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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2021 $81,900 $94,500 10,080 2022 16,300 12,680 9,324 $120.204 3,024 1,386 $108.990 Estimated Percentage Uncollectible 2% 5 30 50

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Shamrock, Inc. has accounts receivable of $120,204 at March 31, 2022. At March 31, 2022, there is a $2,646 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.
Age of Accounts
Current
1-30 days past due
31-90 days past due
Over 90 days past due
Balance, March 31
2022
$81,900
16,300
12,680
9,324
$120.204
2021
$94,500
10,080
3,024
1,386
$108,990
Estimated Percentage
Uncollectible
2%
5
30
50
Transcribed Image Text:Shamrock, Inc. has accounts receivable of $120,204 at March 31, 2022. At March 31, 2022, there is a $2,646 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. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 $81,900 16,300 12,680 9,324 $120.204 2021 $94,500 10,080 3,024 1,386 $108,990 Estimated Percentage Uncollectible 2% 5 30 50
Determine the total estimated uncollectibles.
The total estimated uncollectibles
eTextbook and Media
List of Accounts.
Save for Later
$
Attempts: 0 of 2 used
Submit Answer
Transcribed Image Text:Determine the total estimated uncollectibles. The total estimated uncollectibles eTextbook and Media List of Accounts. Save for Later $ Attempts: 0 of 2 used Submit Answer
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