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Entry for Uncollectible Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a

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Entry for Uncollectible 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 Balance Estimated Uncollectible Accounts Percent 3/4 % Estimated Uncollectible Accounts Amount Not past due $864,000 $6,480 95,000 2 1,900 7 43,200 31,100 3,024 18 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 5,598 41 22,500 16,400 $1,072,200 9,225 12,300 75 $38,527 Assume that the allowance for doubtful accounts for Outlaw Bike Co, had a debit balance of $6,935 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. Dec. 31

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