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Accounting

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Show Me How Estimating Doubtful Accounts Performance Bike Co. is a wholesaler of motorcydle supplies An aging of the company's accounts recetvable on December 3 uncollectible accounts in each age category are as follows: and a historical analysis of the percentage of Percent 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 Balance 3,250,000 1,050,000 780,000 20,000 240,000 150,000 $5,790,000 0.8 % 2.4 7.0 18.0 34.0 85.0 Over 180 days past due Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31 Estimated Uncollectible Accounts Balance Percent 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 $3,250,000 0.8% 1,050,000 2.4 780,000 7.0 320,000 18.0 240,000 34.0 150,000 85.0 $5,790,000 Previous Check My Work 3 more Check My Work uses remaning All work saved

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