At December 31, 2021, before any year-end adjustments, the Accounts Receivable balance of Stenner's Electronics, Inc., is $370,000. The Allowance for Uncollectible Accounts has a(n) $27.2001 credit balance. Stenner's Electronics prepares the following aging schedule for Accounts Receivable (Click the icon to view the aging schedule.) Read the cement 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 nerest dollar) Allowance for Uncollectible Accounts: Credit balance needed 1-30 31-60 61-90 Over 90 Subtotal Less Unadjusted balance i Adjusting entry amount The credit balance at December 31 in Allowance for Uncollectible Accounts should be Thus, the current balance of the allowance account is Requirement 2. Make the entry required by the aging schedule. Prepare a Taccount for the allowance The current balance is