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	$540,000		3/4	%
130 days past due	59,400		4
31-60 days past due	27,000		9
6190 days past due	19,400		16
91180 days past due	14,000		42
Over 180 days past due	10,300		80
	$670,100

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	$540,000	3/4%	$fill in the blank 1
1-30 days past due	59,400	4	fill in the blank 2
31-60 days past due	27,000	9	fill in the blank 3
61-90 days past due	19,400	16	fill in the blank 4
91-180 days past due	14,000	42	fill in the blank 5
Over 180 days past due	10,300	80	fill in the blank 6
Total	$670,100		$fill in the blank 7