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ABC Company had the following balances on December 3 1 , 2 0 2 4 , before adjustment: Accounts Receivable = $ 1 2 0

ABC Company had the following balances on December 31,2024, before adjustment: Accounts Receivable =$120,000; Allowance for Uncollectible Accounts =$4,000(credit balance). The company estimates uncollectible accounts based on an aging of accounts receivable as shown below:
\table[[Age Group,\table[[Amount],[Receivable]],\table[[Estimated Percent],[Uncollectible]]],[Not yet due,$60,000,3%
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