E5-20A (similar to) Question Help ter 5 At December 31, 2018, before any year-end adjustments, the Accounts Receivable balance of Digital Electronics, Inc., is $340,000. The Alowance for Uncollectible Accounts has ain) $18,000 credit balance Digital Electronics prepares the following aging schedule for Accounts Receivable: (Click the icon to view the aging schedule.) 1/20 /20 Read the requirements. poll que 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 uncolectible accounts amount and the adjusting entry amount. (Round to the nearest dollar) fect Allowance for Uncollectible Accounts: Credit balance needed 1-30 ns: 9 31-60 61-90 0/4) 0/3) Over 90 Subtotal Less: Unadjusted balance go Adjusting entry amount Enter any number in the edit fields and then click Check Answer. parts 5 Clear All Check Answer remaining Fall 2 co view the aging schedule.) ents w? ased on i Data Table vised a collect Age of Accounts needed 1-30 Total Balance 31-60 61-90 1-30 Days $140,000 0.6% 31-60 Days $100,000 4.0 % 61-90 Days $70,000 8.0 % $340,000 Estimated uncollectible Over 90 Days $30,000 40.0% ver 90 Print Done ted bala amount