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allowance for doubtful accounts Fonda Bikes Co. even new biker




Question;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;Age;Interval;Balance;Uncollectible;percent uncollect Percent;Not past due;$567,000;?%;1-30 days past;due;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;$700,000;Estimate;what the proper balance of the allowance for doubtful accounts should be as;of December 31, 2010.


Paper#37441 | Written in 18-Jul-2015

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