# Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company'saccounts receivable on December 31 and a historical analysis of the percentage of uncol-lectible accounts in each age category are as follows:PercentUncollectibleAge IntervalBalance\$3,250,000Not past due0.8%1-30 days past due31-60 days past due61-90 days past due91-180 days past dueOver 180 days past due1,050,0002.4780,0007.018.0320,000240,00034.0150,00085.0\$5,790,000Estimate the proper balance of the allowance for doubtful accounts as of December 31.

Question
Asked Dec 16, 2019
1 views

Using the data in Exercise 9-11 (attached Q4), assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of \$28,400 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31.

check_circle

Step 1

Compute estimated balance of allowance for doubtful accounts ...

### Want to see the full answer?

See Solution

#### Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in