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Bitimating Doubtful Accounts Outlaw Bike Co. is a...

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Accounting

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Bitimating Doubtful Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies An aging of the company's accounts recevable on December 31, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Balance Age Class Percent Uncollectible 1/2 % 3584.000 64,200 29,200 3 Notast due 1-30 days past due 31-60 days past due 61-90 days past due 8 21,000 18 15,200 38 91-180 days past due 31,100 70 Over 180 days past due $724,700 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Percent Uncollectible Estimated Uncollectible Accounts Amount Age Class Balance Not past due $584,000 1/2% 64,200 3 1-30 days past due 29,200 00 31-60 days past due 61-90 days past due 21,000 18 15,200 38 91-180 days past due 70 Over 180 days past due 11,100 $724,700 Total

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