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Dhaliwal Digital categorizes its accounts recelvable into three age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =$255,000
Dhaliwal Digital categorizes its accounts recelvable into three age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =$255,000 : esumated uncollectible =20% 2 Accounts 145 days past due =$35,300, estumated uncollecuble =25% 3. Accounts more than 45 days past due =$14,000; estimated uncollectuble =30% Before recording any adjustments, Dhalwal has a debrt balance of $63,00 in its al owance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2024 balance for Dhaliwais allowance for uncollectible accounts. 2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts? Complete this question by entering your answers in the tabs below. Estimate the appropriate 12/31/2024 balance for Dhatiwal's allowance for uncollectible accounts. 2 What journal entry should Uhallwal record to adjust its allowance for uncollectible accourits? What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field Journal entry worksheet Record the adjustment to allowance for uncollectible accounts. Note: Enter debits before credits
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