Use the following information for questions 6-8:

Jackson Corporation uses the aging of accounts receivable approach (allowance method) to estimate uncollectible accounts. At year-end (Dec. 31), the chief accountant, has given you the following information to make the adjusting entry to estimate uncollectible accounts this year.

Management believes the following percentages for bad debt are accurate for this year:

Aging Analysis of Accounts Receivable

	NOT YET DUE	1-30 DAYS PAST DUE	31-60 DAYS PAST DUE	61-90 DAYS PAST DUE	OVER 90 DAYS PAST DUE
Accounts receivable balances	$100,000	$40,000	$30,000	$20,000	$10,000
Percentage estimated uncollectible	2%	5%	10%	20%	50%

How much is the estimate of uncollectibles (the target balance), based on the schedule above?

		$17,000
		$18,000
		$15,000
		$16,000