2nd - Ch 8 Practice Estimating Doubtful Accounts eBook Show Me How 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 as follows: Percent Age Class Balance Uncollectible Not past due $904,000 1/2 % 1-30 days past due 99,400 4 31-60 days past due 45,200 8 61-90 days past due 32,500 15 91-180 days past due 23,500 42 Over 180 days past due 17,200 80 $1,121,800 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Uncollectible Age Class Balance Percent Uncollectible Accounts Amount Not past due $904,000 1/2% 452,000 X 1-30 days past due 99,400 4 397,600 X 31-60 days past due 45,200 8 361,600 X 61-90 days past due 32,500 15 487,500 X Not past due $904,000 1/2 % 1-30 days past due 99,400 4 31-60 days past due 45,200 8 61-90 days past due 32,500 15 91-180 days past due 23,500 42 Over 180 days past due 17,200 80 $1,121,800 Age Class Balance Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Uncollectible Accounts Amount Percent Uncollectible Not past due $904,000 1/2% $ 452,000 X 1-30 days past due 99,400 4 397,600 X 31-60 days past due 45,200 8 361,600 X 61-90 days past due 32,500 15 487,500 X 91-180 days past due 23,500 42 987,000 X Over 180 days past due 17,200 80 1,393,20 X Total $1,121,800 4,078,90 X Check My Work 0 more Check My Work uses remaining. Previous