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 $442,000, estimated uncollectible = 10% 2. Accounts 1-30 days past due $55,200, estimated uncollectible-13%. 3. Accounts 31-90 days past due $44,200, estimated uncollectible -17% 4. Accounts more than 90 days past due $33,200, estimated uncollectible= 20% At 12/31/2024, before recording any adjustments, Zuo has a credit balance of $29,000 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 alowance for uncollectible accounts