eBook Show Me How Age Class Uncollectible Not past due 1% 1-30 days past due 6 31-60 days past due 20 61-90 days past due 30 Over 90 days past due 45 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule Customer Balance Not Past 1-30 Days 31-60 Days 61-90 Days Over 90 Days Due Past Due Past Due Past Due Past Due 436,300 162,700 66,600 37,000 36,900 12,200 Subtotals Conover Industries Keystone Company Moxie Creek Inc. Rainbow Company 19,500 739,500 12,200 19,500 9.800 11.300 23,400 9,800 11,300 23,400 Swanson Company Total recelvables Percentage uncollectible 815,700 459,700 76.400 56,500 49,100 174,000 68 2005 30% 4596 Allowance for Doubtful Accounts Next PREVIOUS Wor akeAssignment Main.do?invoker=&takeAssignmentSessionLocator&inprogress=false eBook Show Me How 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 histo analysis of the percentage of uncollectible accounts in each age category are as follows: Estimate 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 Estimated Uncollectible Balance Accounts Percent Accounts Amount $780,000 1/29 $ Age Interval Not past due 1-30 days past due 31-60 days past due 85,800 3