Estimating Allowance for Doubtful Accounts

Kirchhoff Industries has a past history of uncollectible accounts, as shown below.

Age Class	Percent Uncollectible
Not past due	1%
1-30 days past due	6
31-60 days past due	25
61-90 days past due	35
Over 90 days past due	50

Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below.

Kirchhoff Industries
Aging of Receivables Schedule
Customer	Balance	Not Past Due	1-30 Days Past Due	31-60 Days Past Due	61-90 Days Past Due	Over 90 Days Past Due
Subtotals	679,700	401,000	149,500	61,200	34,000	34,000
Conover Industries	15,400					15,400
Keystone Company	18,300				18,300
Moxie Creek Inc.	5,900			5,900
Rainbow Company	9,800		9,800
Swanson Company	26,600	26,600
Totals	755,700	427,600	159,300	67,100	52,300	49,400
Percentage uncollectible		1%	6%	25%	35%	50%
Allowance for Doubtful Accounts	fill in the blank 1	fill in the blank 2	fill in the blank 3	fill in the blank 4	fill in the blank 5	fill in the blank 6