Estimating Doubtful Accounts Performance 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: Estimate The Proper Balance Of The Allowance For Doubtful Accounts Should Be As Of December 31. Performance Bike Co. Estimation Of Uncollectible Accounts December 31 Age Interval Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount Not Past Due $530,000 3/4% $fill In The Blank 1 1-30 Days Past Due 58,300 2 Fill In The Blank 2 31-60 Days Past Due 26,500 6 Fill In The Blank 3 61-90 Days Past Due 19,100 16 Fill In The Blank 4 91-180 Days Past Due 13,800 38 Fill In The Blank 5 Over 180 Days Past Due 10,100 80 Fill In The Blank 6 Total $657,800 $fill In The Blank 7

Estimating Doubtful Accounts Performance 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: Estimate the proper balance of the allowance for doubtful accounts should be as of December 31. Performance Bike Co. Estimation of Uncollectible Accounts December 31 Age Interval Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount Not past due $530,000 3/4% $fill in the blank 1 1-30 days past due 58,300 2 fill in the blank 2 31-60 days past due 26,500 6 fill in the blank 3 61-90 days past due 19,100 16 fill in the blank 4 91-180 days past due 13,800 38 fill in the blank 5 Over 180 days past due 10,100 80 fill in the blank 6 Total $657,800 $fill in the blank 7

- November 14, 2022 - Edwin Tunner

Estimating Doubtful Accounts

Performance 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:

Estimate the proper balance of the allowance for doubtful accounts should be as of December 31.

Performance Bike Co.
Estimation of Uncollectible Accounts
December 31
Age Interval	Balance	Estimated Uncollectible Accounts Percent	Estimated Uncollectible Accounts Amount
Not past due	$530,000	3/4%	$fill in the blank 1
1-30 days past due	58,300	2	fill in the blank 2
31-60 days past due	26,500	6	fill in the blank 3
61-90 days past due	19,100	16	fill in the blank 4
91-180 days past due	13,800	38	fill in the blank 5
Over 180 days past due	10,100	80	fill in the blank 6
Total	$657,800		$fill in the blank 7

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