At December 31, 2016, before any years and adjustments, the Arcants Receivable balance of Solar Power Manufacturing Inc. is $300,000. The Alowance for Lincollocable Accounts kas an $25,900 crode barance Solar Power Manufacturing prepares the following aging schedule for Accounts Receivable Requirement 1. Based on the ping of Accounts Receivable is the adjusted balance of the allowance account adequate? Too high? Too low Fles, Calvados for uncolectiile accounts amount and the adjusting eny amount. (Round to the nearest ofan) Allowance for Uncollectible Accounts: Credit Balance needed - X Requirements 1-30 31-60 61-90 1. Besed on the aging of Account Recoratie, is the unadusted balance of the alowance account adequate? Too High? Too low? Over 90 2. Make the entry required by the aging schedule. Propora a Trascount for the Subtotal allowance 2. Show how Solar Power Manufacturing will report Accounts Receivable on is Less: Unadite balance December 31 balance sheet Adjusting entry amount X Data Table Age of Account Total Balance $300,000 Estimated collectie 1-30 Days $140,000 06% 31-60 Days $110,000 30 61-00 Days $70,000 50% Over 10 Day $40,000 600 Help Me Solve This DemoDocs Example Get Check Answer Print Doon W 3 5 6 8 9