Data table \begin{tabular}{lrrrr} \hline & \multicolumn{4}{c}{ Age of Accounts } \\ \cline { 2 - 5 } Total Balance & 130 Days & 3160 Days & 6190 Days & Over 90 Days \\ \hline$310,000 & $120,000 & $90,000 & $60,000 & $40,000 \\ Estimated uncollectible & 0.6% & 3.0% & 10.0% & 40.0% \\ \hline \end{tabular} Print Done At December 31, 2021, before any year-end adjustments, the Accounts Receivable balance of White Electronics, Inc., is $310,000. The Allowance for Uncollectible Accounts has a(n) $20,300 credit balance. White Electronics prepares the following aging schedule for Accounts Receivable: (Click the icon to view the aging schedule.) Read the requirements. r 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: The credit balance at December 31 in Allowance for Uncollectible Accounts should be The current balance is Thus, the current balance of the allowance account is Requirement 2. Make the entry required by the aging schedule. Prepare a T-account for the allowance. First, make the entry required by the aging schedule. (Record debits first, then credits. Exclude explanations from any joumal entries.)