Molina Company had a $700 credit balance in Allowance for Doubtful Accounts on December 31, 2027, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Current Accounts 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Total Accounts Receivable $120,000 20,000 10,000 10,000 8,000 $168,000 Estimated Percentage Uncollectible 1% 3% 6% 12% 30%

Molina Company had a $700 credit balance in Allowance for Doubtful Accounts on December 31, 2027, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following