Incollectible accounts Outlaw 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 given below. 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 Balance $902,000 292,000 98,500 68,000 44,700 Faadhark 15,500 $1,420,700 Dec. 31 Bad Debt Expense Estimated Allowance for Doubtful Accounts Uncollectible Accounts Uncollectible Accounts Percent 3/4% 1.00 8.00 16.00 50.00 Estimated 80.00 Amount $6,765 2,920 7,880 10,880 22,350 Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $6,225 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31. If an amount box does not require an entry, leave it blank. 12,400 $63,195 X

Outlaw 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 given below. Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $6,225 as of December 31 . Journalize the adjusting entry for uncollectible accounts as of December 31 . If an amount box does not require an entry, leave it blank