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Exercise 7-13 (Algo) Colculate uncollectible accounts using the aging method; record adjustment [LO7-5, Dhaliwal Dighal categorizes its accounts receivable into three age groups for purposes

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Exercise 7-13 (Algo) Colculate uncollectible accounts using the aging method; record adjustment [LO7-5, Dhaliwal Dighal categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet due =$134,000; estimated uncollectible =10% 2. Accounts 1.45 days past due * $18.600, estimated uncollectible =15% 3. Accounts more than 45 days post due =$7.400; estimated uncollectible =20% Ecfore recosding any adjustments, Dhalwal has a debit balance of $33,400 in its allowance for uncollectible accounss. Required: 1. Estumate the appropriate 12312021 balance for Dhaliwal's allowance for uncollicuble accounts 2. What joumal entry should Dhaliwal record to adjust its allowance for uncollectible accounts? Fotimate the appropriate 12/31/2021 balance for Dhaliwal's aliowance for uncollectible accounts, What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts? (if no entry is required for a transaction/event, sielect "No foumat entry required" in the first account field;) Journal entry worksheet fecord the adjustinent to allowance for uncoliectble accounts. Fuint - Phiter debits lefore credAs

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