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	$888,000		1/2	%
130 days past due	97,700		2
31-60 days past due	44,400		8
6190 days past due	32,000		17
91180 days past due	23,100		42
Over 180 days past due	16,900		70
	$1,102,100

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	$888,000	1/2%	$fill in the blank 1
1-30 days past due	97,700	2	fill in the blank 2
31-60 days past due	44,400	8	fill in the blank 3
61-90 days past due	32,000	17	fill in the blank 4
91-180 days past due	23,100	42	fill in the blank 5
Over 180 days past due	16,900	70	fill in the blank 6
Total