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Estimating Doubtful Accounts Performance 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 as follows: Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Performance Bike Co. Estimation of Uncollectible Accounts December 31 Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount 3/4% Age Interval Not past due Balance $888,000 1-30 days past due 97,700 31-60 days past due 44,400 61-90 days past due 32,000 91-180 days past due 23,100 16,900 Over 180 days past due Total $1,102,100 Entry for Uncollectible Accounts Performance Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $24,311. Assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of $4,375 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31. Dec. 31