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Entry for Uncollectible Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An ing of the company's accounts receivable on December 31 and historical
Entry for Uncollectible Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An ing of the company's accounts receivable on December 31 and historical analysis of the percento accounts in each age category are given below. Estimated Uncollectible Accounts Percent 1/2 Estimated Uncollectie Account Amount 52.930 Age Interval Not past due 1-30 days past due 31-60 days past due 61-90 days past do 91-180 days past due Over 180 days past due Total 1.905 2637 9 Balance $586,000 64,500 29,300 21,100 15,200 11,100 $727,200 18 3,795 40 6.00 80 8,880 $26,260 Assume that the allowance for doubtful accounts for Outlaw. Bike Co had a debit balance of $4,725 sf 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. Ji Bad Debt Expense Allowance for Doubtful Accounts V
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