Estimating Doubtful Accounts

Performance 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 follows:

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

Performance Bike Co. Estimation of Uncollectible Accounts December 31

Age Interval	Balance	Estimated Uncollectible Accounts Percent	Estimated Uncollectible Accounts Amount
Not past due	$652,000	3/4%	$fill in the blank 1
1-30 days past due	71,700	3	fill in the blank 2
31-60 days past due	32,600	6	fill in the blank 3
61-90 days past due	23,500	17	fill in the blank 4
91-180 days past due	17,000	40	fill in the blank 5
Over 180 days past due	12,400	65	fill in the blank 6
Total	$809,200		$fill in the blank 7