Estimating doubtful accounts

Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the companys accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:

Age ClassBalancePercent UncollectibleNot past due $902,0003/4%130 days past due292,000131-60 days past due98,50086190 days past due68,00016 91180 days past due44,70050 Over 180 days past due15,50080 Total$1,420,700

Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31.

Age ClassBalanceEstimated Uncollectible Accounts PercentEstimated Uncollectible Accounts AmountNot past due$902,0003/4%$fill in the blank 1 1-30 days past due292,0001fill in the blank 2 31-60 days past due98,5008fill in the blank 3 61-90 days past due68,00016 fill in the blank 4 91-180 days past due44,70050 fill in the blank 5 Over 180 days past due15,50080 fill in the blank 6 Total$1,420,700 $fill in the blank 7

Estimating doubtful 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 as follows: Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31