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Brief Exercise 7-12 (Static) Calculate uncollectible accounts using the aging method [LO7-5, 7-6] Crell Computers categorizes its accounts receivable into four age groups for purposes

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Brief Exercise 7-12 (Static) Calculate uncollectible accounts using the aging method [LO7-5, 7-6] Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =$60,000; estimated uncollectible =5%. 2. Accounts 130 days past due =$15,000; estimated uncollectible =10%. 3. Accounts 31-60 days past due =$10,000; estimated uncollectible =20%. 4. Accounts more than 60 days past due =$5,000; estimated uncollectible =30%. What should be the balance in Crell's allowance for uncollectible accounts

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