Estimating Doubtful Accounts Outlaw Bike Co. is a wholesaler of motorcycle 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 folows Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31 Outaw Blke Co Estimation of Uncollectible Accounts December 31 Age Class Not past due 1-30 days past due 88,400 31-60 days past due 40,200 61-90 days past due 28,900 91-100 days past due 20,900 Over 160 days past due is,100 Balance Percent Uncolectible Estimated Uncollectible Accounts Amount $804,000 14% 4% 6% 17% 38% 70% 603000 X 3,536 2,412 4,913 10,710 Total $997,700 632513X Apply the respective uncollectible percentage balance, to each age interval including the not past due group. Add these to determine the allowance for doubtful accounts Learning Objective 4