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23 0.5 ponts Spade Agency separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. In addition, the

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23 0.5 ponts Spade Agency separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. In addition, the balance of Allowance for Uncollectible Accounts before adjustment is $11,500 (credit 1. Accounts not yet due $46,000; estimated uncollectible 4% 2. Accounts 1-60 days past due - $31000, estimated uncollectible -25% 3. Accounts more than 60 days past duo = $26,000; estimated uncollectible = 50% Required: 1. Compute the total estimated uncollectible accounts. Answer is complete and correct. Estimated Age Group Amount Uncollectible Not yet due 1,840 1-60 days past due 7.750 More than 60 days past due 13,000 Total $ 22,590 2. Record the year-end adjustment for estimated uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) No Transaction General Journal Debit Credit

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