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 balance percent uncollectible
not past due $892,000 3/4 %
1–30 days past due 285,000 1
31-60 days past due 101,000 8
61–90 days past due 63,000 16
91–180 days past due 43,100 50
over 180 days past due 17,700 80
total $1,401,800
required:
1. assume that the allowance for doubtful accounts for outiaw bike co. had a debit balance of $5,140 as of december 31. journalize the adjusting entry for uncollectible accounts as of december 31 dec. 31

Ithink its 1e100 but im not sure.

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