Age Group Accounts Receivable Estimated Percent Uncollectible Not yet due 1-30 days past due 31-60 days past due 61-90 days past due $ 92,000 58 41,000 10 30,000 201 24,000 408 Over 90 days past due 19,000 80% $206,000 Allowance for Uncollectible Accounts 2,200 Credit After reviewing the data, you note the "not yet due" category is overstated and needs to decrease by 20%. Also, the "Over 90 days" category is understated and needs to increase by 20%. Also, you note the balance in the Allowance account is actually a debit, rather than a credit. Being that the normal balance for this account is a credit, the accountant hadn't noticed the issue. Required: 1. Use your spreadsheet to recalculate the needed adjustment and account balances. What will be the balance in Accounts Receivable and the Allowance for Uncollectible Accounts based on the above information? Accounts Receivable Allowance for Uncollectible Accounts < Prev 1 of 2 Next >