Estimating Doubtful Accounts Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the...

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Estimating Doubtful Accounts Performance 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 the proper balance of the allowance for doubtful accounts should be as of December 31. Performance Bike Co. Estimation of Uncollectible Accounts December 31 Estimated Uncollectible Age Interval Balance Accounts Percent Not past due $792,000 3/4% 1-30 days past due 87,100 4 31-60 days past due 39,600 6 61-90 days past due 28,500 17 91-180 days past due 20,600 40 Over 180 days past due 15,000 65 Total $982,800 Estimated Uncollectible Accounts Amount Estimating Doubtful Accounts Performance 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 the proper balance of the allowance for doubtful accounts should be as of December 31. Performance Bike Co. Estimation of Uncollectible Accounts December 31 Estimated Uncollectible Age Interval Balance Accounts Percent Not past due $792,000 3/4% 1-30 days past due 87,100 4 31-60 days past due 39,600 6 61-90 days past due 28,500 17 91-180 days past due 20,600 40 Over 180 days past due 15,000 65 Total $982,800 Estimated Uncollectible Accounts Amount