ems Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's...
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ems 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: Age Class 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 Balance Age Class 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 $902,000 292,000 98,500 68,000 44,700 15,500 $1,420,700 Balance Percent Uncollectible $902,000 292,000 98,500 68,000 44,700 15,500 3/4% 1 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Estimated 8 16 50 80 Uncollectible Accounts Uncollectible Accounts Percent 3/4% 1 Check My Work 3 more Check My Work uses remaining. 8 16 50 80 Amount Email Instructor Save and Exit Previous Next Submit Assignment for Grading 3 4 +
Outiow Bike Co, is a wholesaler of motorcycle supplies. An aging of the compamys actounts recaivable an December 31 and a Fistoricel analysis of the pererentege of uncollectible accounts in each age cotegory are as follows Estimate what the proper balance of the allowance for dowbolyl occouncs styould be as of December
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