allowance for doubtful accounts Fonda Bikes Co. even new biker



Fonda Bikes Co. is a wholesaler of motorcycle supplies.
An aging of the company’s accounts receivable on December 31, 2010,
and a
historical analysis of the percentage of uncollectible accounts in each age
category are as follows:
Balance Uncollectible
percent uncollect Percent
Not past due $567,000 ½%
1-30 days past
58,000 3
31-60 days
past due
29,000 7
61-90 days
past due
20,500 15
91-180 days
past due
15,000 40
Over 180 days
past due
10,500 75
what the proper balance of the allowance for doubtful accounts should be as
of December 31, 2010.


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