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. Age Interval Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due Total Performance Bike Co. Estimation of Uncollectible Accounts Balance $480,000 52,800 24,000 17,300 12,500 9,100 $595,700 December 31 Estimated Uncollectible Estimated Uncollectible Accounts Percent Accounts Amount 3/4% 3 8 16 40 65

Estrmating Doubtful Accounts Performance Bike CO, is a wholesaler of motorcycle supples. An aging of the company/s accounts riscivable on December It and a historical analyais of the percentage of uncoliectiole accounts in each age categorr are as foliows: Estimate the proper balance of the allowinnce for doubtut tccounts should be as of December 31