=+✔ AAA Pickup Shop, 62 days 426 Chapter 9 Receivables Fonda Bikes Co. is a wholesaler of motorcycle supplies. An aging of the company’s accounts receivable on December 31, 2010, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:

Percent Age Interval Balance Uncollectible Not past due $567,000 1/

2%

1–30 days past due 58,000 3 31–60 days past due 29,000 7 61–90 days past due 20,500 15 91–180 days past due 15,000 40 Over 180 days past due 10,500 75 ________

$700,000 ________ ________