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	$566,000		1/2	%
130 days past due	62,300		4
31-60 days past due	28,300		8
6190 days past due	20,400		17
91180 days past due	14,700		40
Over 180 days past due	10,800		65
	$702,500

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	$566,000	1/2%	$fill in the blank 1
1-30 days past due	62,300	4	fill in the blank 2
31-60 days past due	28,300	8	fill in the blank 3
61-90 days past due	20,400	17	fill in the blank 4
91-180 days past due	14,700	40	fill in the blank 5
Over 180 days past due	10,800	65	fill in the blank 6
Total	$702,500		$fill in the blank 7