9-12

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 1,050,000 780,000 320,000 240,000 150,000 $5.790,000 UUU 2.4 70 18.0 34,0 85.0 Estimate the proper balance of the allowance for doubtful accounts as of December 31. OBJ.4 w EX 9-12 Entry for uncollectible accounts Using the data in Exercise 9-11, assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of $28,400 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31