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	Balance	Estimated Uncollectible Accounts Percent			Estimated Uncollectible Accounts Amount
Not past due	$898,000	3/4	%		$6,735
1-30 days past due	98,800	3			2,964
31-60 days past due	44,900	6			2,694
61-90 days past due	32,300	17			5,491
91-180 days past due	23,300	40			9,320
Over 180 days past due	17,100	65			11,115
Total	$1,114,400				$38,319

Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $6,895 as of December 31.

Journalize the adjusting entry for uncollectible accounts as of December 31.

Dec. 31	Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCashSales	- Select -
	Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCashSales		- Select -