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	$478,000	3/4%
   130 days past due	52,600	4
   31-60 days past due	23,900	9
   6190 days past due	17,200	14
   91180 days past due	12,400	38
   Over 180 days past due	9,100	75
   Total	$593,200

   Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31.

   Age Class	Balance	Estimated Uncollectible Accounts Percent	Estimated Uncollectible Accounts Amount
   Not past due	$478,000	3/4%	$fill in the blank 1
   1-30 days past due	52,600	4	fill in the blank 2
   31-60 days past due	23,900	9	fill in the blank 3
   61-90 days past due	17,200	14	fill in the blank 4
   91-180 days past due	12,400	38	fill in the blank 5
   Over 180 days past due	9,100	75	fill in the blank 6
   Total	$593,200		$fill in the blank 7