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 Class 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 $902,000 292,000 98,500 68,000 44,700 15,500 $1,420,700 Percent Uncollectible 14 3/4% 1 8 16 50 80

Fatimato what the proper balance of the allowance for doubtful accounts should be as of December 31.

Estimating doubtful 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 as follows: Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31 . EstImated Uncollectible Accounts Uncollectlble Accounts Age Class Balance 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 Percent 3/4% 292,000 98,500 68,000 44,700 15,500 $1,420,700 Amount