Estimating Uncollectible Accounts and Reporting Accounts Receivable LaFond Company analyzes its accounts receivable at December 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible.

Age Group	Accounts Receivable	Estimated Loss %
0-30 days past due	$ 135,000	1%
31-60 days past due	30,000	2
61-120 days past due	16,500	5
121-180	9,000	10
Over 180 days past due	6,000	25
Total accounts receivable	$ 196,500

The balance of the allowance for uncollectible accounts is $520 on December 31, before any adjustments.