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	$490,000		1/2	%
130 days past due	53,900		3
31-60 days past due	24,500		9
6190 days past due	17,600		18
91180 days past due	12,700		42
Over 180 days past due	9,300		75
	$608,000

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	$490,000	1/2%	$fill in the blank 1
1-30 days past due	53,900	3	fill in the blank 2
31-60 days past due	24,500	9	fill in the blank 3
61-90 days past due	17,600	18	fill in the blank 4
91-180 days past due	12,700	42	fill in the blank 5
Over 180 days past due	9,300	75	fill in the blank 6
Total	$608,000		$fill in the blank 7