1. 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	$882,000		1/2	%
   130 days past due	97,000		2
   31-60 days past due	44,100		7
   6190 days past due	31,800		16
   91180 days past due	22,900		40
   Over 180 days past due	16,800		65
   	$1,094,600

   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	$882,000	1/2%	$fill in the blank 1
   1-30 days past due	97,000	2	fill in the blank 2
   31-60 days past due	44,100	7	fill in the blank 3
   61-90 days past due	31,800	16	fill in the blank 4
   91-180 days past due	22,900	40	fill in the blank 5
   Over 180 days past due	16,800	65	fill in the blank 6
   Total	$1,094,600		$fill in the blank 7