Exercise 7-15 (Algo) Calculate uncollectible accounts using the aging method; record adjustments [LO7- 5, 7-6] Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due = $377,000; estimated uncollectible = 10%. 2. Accounts 1-30 days past due = $47,200; estimated uncollectible = 14%. 3. Accounts 3190 days past due = $37,700; estimated uncollectible = 18% 4. Accounts more than 90 days past due = $28,200; estimated uncollectible = 22%. At 12/31/2024, before recording any adjustments, Zuo has a credit balance of $23,100 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2024 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 12/31/2024 net accounts receivable balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Estimate the appropriate 12/31/2024 balance for Zuo's allowance for uncollectible accounts. Balance in allowance for uncollectible accounts < Required 1 Required 2 > Required 1 Required 2 Required 3 What journal entry should Zuo 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. View transaction list Journal entry worksheet 1 Record the adjustment to allowance for uncollectible accounts. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 3> Exercise 7-15 (Algo) Calculate uncollectible accounts using the aging method; record adjustments [LO7- 5, 7-6] Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due = $377,000; estimated uncollectible = 10%. 2. Accounts 1-30 days past due = $47,200; estimated uncollectible = 14%. 3. Accounts 3190 days past due = $37,700; estimated uncollectible = 18% 4. Accounts more than 90 days past due = $28,200; estimated uncollectible = 22%. At 12/31/2024, before recording any adjustments, Zuo has a credit balance of $23,100 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2024 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 12/31/2024 net accounts receivable balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate Zuo's 12/31/2024 net accounts receivable balance. Balance in net accounts receivable < Required 2 Required 3 >