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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

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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 historical analysis of the percentag uncollectible accounts in each age category are given below. Age Interval Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount $6,000 $800,000 3/4 % 3 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 88,000 40,000 2,640 7 2,800 28,800 14 4,032 39 8,112 20,800 15,200 $992,800 80 Total 12,160 $35,744 Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $6,435 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 Check My Work 3 more Check My Work uses remaining, Previous Next All work saved

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