=+E6-7 Estimating doubtful accounts Obj 4 Renegade Co. is a wholesaler ofmotorcycle supplies. An aging ofthe company’s accounts receiv¬

able on December 31, 2008, and a historical analysis ofthe percentage of uncollectible accounts in each age category are as follows:

Age Interval Balance Percent Uncollectible Not past due $400,000 1%

1-30 days past due 80,000 2 31-60 days past due 18,000 5 61-90 days past due 12,500 10 91-180 days past due 6,000 70 Over 180 days past due 2,500

$519,000 90