3. XYZ Corp is completing adjusting journal entries at the end of fiscal year 2019. The beginning balance of the allowance for doubtful accounts was $1,020. During the year, the company wrote-off $232 and reinstated $12 in accounts receivable. Historically, XYZ has estimated its allowance by aging receivables based on the percentages provided. Date Current A/R Balance (Gross) Historical % Uncollectible Not past due $8000 1%