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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
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 as follows: Age Interval Balance Percent Uncollectible Not past due $1,100,000 0.50% 1-30 days past due 545,900 3 31-60 days past due 197.300 5 61-90 days past due 59,400 20 91-180 days past due 35.400 36 37.300
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