Dec. 31^st

1.

• Accounts Payable
• Accounts Receivable
• Allowance for Doubtful Accounts
• Bad Debt Expense
• Cash
• Sales

2.

• Accounts Payable
• Accounts Receivable
• Allowance for Doubtful Accounts
• Bad Debt Expense
• Cash
• Sales

Entry for Uncollectible Accounts 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 given below. Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount Age Interval Balance Not past due 1/2 % $3,980 $795,000 87,600 1-30 days past due 3 2,628 31-60 days past due 39,800 9 3,582 28,700 18 5,166 61-90 days past due 91-180 days past due Over 180 days past due 20,700 39 8.073 15.100 80 12,080 Total $987,900 $35,509 Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $6,390 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31. If an amount box does not require an entry, leave it blank. Dec. 31