Sandhill Company has accounts receivable of $96,500 at March 31, 2027. Credit terms are 2/10, n/30. At March 31, 2027, there is a $2,244 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.
Balance, March 31
Estimated Percentage
Age of Accounts
2027
2026
Uncollectible
Current
$66,000 $79,900
2 %
1-30 days past due
13,000
7,930
5
31-90 days past due
10,600
2,540
30
Over 90 days past due
6,900
1,060
50
$96,500
$91,430
(a)
Determine the total estimated uncollectibles at March 31, 2027.
Total Estimated Uncollectibles
$