okmarks People Window Help 5%D Thu 8:50 PM a CengageNowv2 1 Online teaching and

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okmarks People Window Help 5%D Thu 8:50 PM a CengageNowv2 1 Online teaching and learning resource from Cengage Learning ando? woker-atakeAssignmentS essio Locator assignmen t-take&inprogress; Low Battery Your Mac will sleep soon uniess plugged into a power outlet Clos Show Me How Calculator Estimating Doubtful Accounts is a wholesaler of motorcydle 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 what the proper balance of the allowance for doubtful accounts should be as of December 31. Outlaw Bike Co Estimation of Uncolectible Accounts Age Class Not past due 1-30 days past d" 66,400 31-60 days pag due 200 61-90 days past de 21,700 91-180 deys past due 15,700 Ove 180 days past due 11,500 Balance Percent Uncollectible Estmated Uncollectible Accounts Amount $604,000 34% 296 9% s% 39% 65% Total 5749,500 Previcus Next Creck My Werk 2 2 mone Check My Work uses remaning ave and Exit Submit Assignment for Grading 20

Explanation / Answer

Balance of Allowance for doubtful debts required at the end: Age class Balance % uncollectible Estimated Uncollectible Not past due 604000 0.75% 4,530 1-30 days 66400 2.00% 1,328 31-60 days 30200 9.00% 2,718 61-90 days 21700 15.00% 3,255 91-180 days 15700 39.00% 6,123 Over180 days 11500 65.00% 7,475 749500 25,429 Estimated balance of Allowance for doubtful debts is $ 25,429

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