Estimating Doubtful Accounts Outlaw Bike Co. is a wholesaler of motoreycle 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 % 3 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 $516,000 56,800 25,800 18,600 13,400 9,800 39 65 $640,400 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 $516,000 3/4% 56,800 3 1-30 days past due 25,800 6 31-60 days past due 18,600 14 61-90 days past due Previous Age Class Balance Uncollectible 3/4 % $516,000 56,800 3 25,800 6 Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91180 days past due Over 180 days past due 18,600 13,400 39 9,800 65 $640,400 3 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 $516,000 3/4% 1-30 days past due 56,800 31-60 days past due 25,800 6 61-90 days past due 18,600 14 91-180 days past due 13,400 39 Over 180 days past due 9,800 65 Total $640,400