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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

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. Age Interval 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 Balance $902,000 292,000 98,500 68,000 44,700 15,500 Dec. 31 $1,420,700 Estimated Uncollectible Accounts Uncollectible Accounts Percent 3/4% 1.00 8.00 Estimated 16.00 50.00 80.00 Amount $6,765 2,920 7,880 10,880 22,350 12,400 $63,195 Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $6,225 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.
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Entry for uncollectible accounts Outhaw Blke Co, is a wholesaler of motorcycle supplies. An aging of the company's accounts recelvable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age cotegory are given below. Assume that the allowance for doubtful accounts for Outaw Bke Co, had a debit balance of s6,225 as of December 31. Journanize the adjusting entry for uncollectible accounts as of December 31. If an amount box does not require an entry, leave it blank

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