Please answer E6-8

E6-8

E6-8

E6-8

E6-7 Estimating doubtful accounts Easy Rider International is a wholesaler of motorcycle supplies. An aging of the co accounts receivable on December 31, 20Y3, and a historical analysis of the percenty uncollectible accounts in each age category are as follows: mpa hys Balance Percent Uncollectible Age Interval Not past due 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 196 $1,850,000 750,000 100,000 60,000 45,000 25,000 $2,830,000 14 60 90 Estimate what the balance of Allowance for Doubtful Accounts should be as of Decem ber 31, 20Y3. E6-8 Entry for uncollectible accounts Using the data in Exercise 6-7, assume that the allowance for doubtful accounts for Rider International had a negative balance of $(13,300) as of December 31, 20Y3. Easy Illustrate the effects of the adjustment for uncollectible accounts as of December 31 20Y3, on the accounts and financial statements