Using the data in exercise 8-11, assume that the allowance for doubtful accounts for Outlaw bike co. had a debit balance of $6,225 as of December 31.

Journalize the adjusting entry for uncollectible accounts as of December 31.

Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the companys accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:

Age class	Balance	Percent Uncollectable
Not past due	$902,000	3/4%
1-30 days past due	$292,000	1
31-60 days past due	$98,500	8
61-90 days past due	$68,000	16
91-180 days past due	$44,700	50
Over 180 days past due	$15,500	80