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Performance Bike Co Is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and historical analysis of the percentage

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Performance Bike Co Is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and historical analysis of the percentage of uncollectible accounts in each age category are as follows: Estimate the proper balance of the allowance for doubtrul accounts should be as of December 31 Performance Bike Co. Estimation of Uncollectible Accounts December 31 Age Interval Estimated Uncollectible Estimated Uncollectible Balance Accounts Percent Accounts Amount Not past due $580,000 3/4% 1-30 days past due 63,800 4 31-60 d. past due 29.000 61-90 days past due 20,900 91-180 days past due 15,100 Over 180 days past due 11,000 70 6 14 41 Total $719,800

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