Estimating Doubtful Accounts Outlaw Bike Co. is a wholesaler af 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 as follows: Age Class Balance Percent Uncollectible 3/4 * 4 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 $180,000 52,800 24,000 17,300 6 17 12,500 38 9,100 70 $595,700 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Percent Estimated Uncollectible Age Class Balance Uncollectible Accounts Amount Not past due $480,000 3/4 1-30 days past due 52,800 4 31-60 days past due 24,000 6 Whicone 3/4 % $180,000 52,800 4 6 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 24,000 17,300 17 38 12,500 9,100 70 $595,700 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31 Percent Estimated Uncollectible Age Class Balance Uncollectible Accounts Amount Not past due $480,000 3/4% 1-30 days past due 52,800 4 31-60 days past due 24,000 6 61-90 days past due 17,300 17 91-180 days past due 12,500 38 Over 180 days past due 9,100 70 Total $595,700