At December 31, 2021, before any year-end adjustments, the Accounts Receivable balance of Erie Technology, Inc., is $360,000. The Allowance for Uncollectible Accounts has a(n) $21,000 credit balance. Erie Technology prepares the following aging schedule for Accounts Receivable: (Click the icon to view the aging schedule.) Read the requirements. Requirement 1. Based on the aging of Accounts Receivable, is the unadjusted balance of the allowance account adequate? Too high? Too low? First, calculate a revised allowance for uncollectible accounts amount and the adjusting entry amount. (Round to the nearest dollar) Allowance for Uncollectible Accounts: Credit balance needed 1-30 31-60 61-90 Over 90 Subtotal Loss: Unadjusted balance Adjusting entry amount The credit balance at December 31 in Allowance for Uncollectible Accounts should be Thus the current halance of the allowance account is The current balance is