1.

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Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible Bccounts 1. Accounts not yet due = $270,000; estimated uncollectible = 5%. 2. Accounts 1-45 days past due = $37,500; estimated uncollectible = 10%. 3. Accounts more than 45 days past due = $15,000; estimated uncollectible = 15% Before recording any adjustments, Dhaliwal has a debit balance of $67,500 in its allowance for uncollectible accounts Required: 1. Estimate the appropriate 12/31/2021 balance for Dhaliwal's allowance for uncollectible accounts, 2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts? Required 1 Required 2 Estimate the appropriate 12/31/2021 balance for Dhaliwal's allowance for uncollectible accounts. Balance in allowance for uncollectible accounts Required 2 > * 1 2 Record the sale of the stock on January 1, 2021. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 View general joumal Clear entry Record entry