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Estimating doubtful accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of...

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Accounting

Estimating doubtful accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the companys accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Class Balance Percent Uncollectible Not past due $774,000 3/4% 130 days past due 85,100 4 31-60 days past due 38,700 9 6190 days past due 27,900 14 91180 days past due 20,100 38 Over 180 days past due 14,700 70 Total $960,500 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Age Class Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount Not past due $774,000 3/4% $fill in the blank 1 1-30 days past du

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