Question
d - Ch 8 Practice Estimating Doubtful Accounts eBook Show Me How Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of
d - Ch 8 Practice Estimating Doubtful Accounts eBook Show Me How Outlaw 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: Age Class Balance Percent Uncollectible Not past due $904,000 1/2 % 1-30 days past due 99,400 4 31-60 days past due 45,200 8 61-90 days past due 32,500 15 91-180 days past due 23,500 42 Over 180 days past due 17,200 $1,121,800 80 Age Class Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Uncollectible Accounts Amount Percent Balance Uncollectible Not past due $904,000 1/2% 1-30 days past due 99,400 4 31-60 days past due 45,200 8 61-90 days past due 32,500 15 Check My Work 1 more Check My Work uses remaining. Previous
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started