Entry for Uncollectible Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging...
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Entry for Uncollectible Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are given below Estimated Uncollectible Estimated Uncollectible Accounts Amount Age Interval Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due Total Balance Accounts Percent ,-1/2 %. $4S8,000 50,400 22,900 16,500 11,900 8,700 $568,400 $2,290 1,008 18 41 65 1,374 2,970 4,879 5,655 $18,176 Assume that the allowance for doubtful accounts for Oufaw Blike Co. had a debit balance of $3,270 as of December 31. ournalize the adjusting entry for uncoillectible accounts as of December 31. Dec. 31 Check My Work more Check My Work uses remaining Net
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