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: 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 Balance $3,250,000 1,050,000 780,000 320,000 240,000 150,000 $5,790,000 Percent Uncollectible 0.8% 2.4 7.0 18.0 34.0 85.0 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31.

Estimating Doubtful Accounts Performance Bike Co, is a wholesaler of motorcycle supplies, An aging of the company's accoints receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31