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Check my work 16 Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 0.44 points
Check my work 16 Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 0.44 points Skipped 1. Accounts not yet due = $258,000; estimated uncollectible = 15%. 2. Accounts 130 days past due = $32,300; estimated uncollectible = 19%. 3. Accounts 3190 days past due = $25,800; estimated uncollectible = 22% 4. Accounts more than 90 days past due = $19,400; estimated uncollectible = 26%. At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $22,400 in its allowance for uncollectible accounts. eBook References Required: 1. Estimate the appropriate 12/31/2021 balance for Zuo's allowance for uncollectible accounts. 2. What journal entry should Zuo record to adjust its allowance for uncollectible accounts? 3. Calculate Zuo's 12/31/2021 net accounts receivable balance. Required 1 Required 2 Required 3 Estimate the appropriate 12/31/2021 balance for Zuo's allowance for uncollectible accounts. Balance in allowance for uncollectible accounts
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