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eBook Show Me How Calculator Entry for Uncollectible Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable

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eBook Show Me How Calculator 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 uncollectib accounts in each age category are given below. Age Interval Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount $3,900 2,288 3/4 % 4 7 1,820 Not past due 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 Total $520,000 57,200 26,000 18,700 13,500 9,900 $645,300 17 40 3,179 5,400 7,920 $24,507 BO Assume that the allowance for doubtful accounts for Outlaw Bike Co had a debit balance of $4,410 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 Druise

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