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 Class	Balance		Percent Uncollectible
Not past due	$504,000		1/2	%
130 days past due	55,400		2
31-60 days past due	25,200		9
6190 days past due	18,100		17
91180 days past due	13,100		41
Over 180 days past due	9,600		75
	$625,400

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

Age Class	Balance	Percent Uncollectible	Estimated Uncollectible Accounts Amount
Not past due	$504,000	1/2%	$fill in the blank 1
1-30 days past due	55,400	2	fill in the blank 2
31-60 days past due	25,200	9	fill in the blank 3
61-90 days past due	18,100	17	fill in the blank 4
91-180 days past due	13,100	41	fill in the blank 5
Over 180 days past due	9,600	75	fill in the blank 6
Total	$625,400		$fill in the blank 7