Sunland Company has accounts receivable of $100,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a
$2,050 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 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
(a)
Balance, March 31
2022
2021
$71,300
$82,260
11,800
9,100
8,100
8,230
2,250
Total estimated uncollectibles $
1,100
$100,300 $93,840
Estimated Percentage
Uncollectible
Determine the total estimated uncollectibles at March 31, 2022.
2 %
5
27
53