Estimating Allowance for Doubtful Accounts Quigley Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 2 % 1-30 days past due 5 31-60 days past due 20 61-90 days past due 30 Over 90 days past due 45 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Quigley 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 636500 375500 140000 57300 31800 31900 Beltran Industries 17300 17300 Doodle Company 19500 19500 La Corp Inc. 5600 5600 VIP Sales Company 7500 7500 We-Go Company 23100 23100 Totals 709500 398600 147500 62900 51300 49200 Percentage uncollectible 2% 5% 20% 30% 45% Allowance for Doubtful Accounts