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fits into ttps/ html7returnlHshttps%BA%2F%2Fconnectmteducationcomsa Help Save & E Che Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. Accounts less than

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fits into ttps/ html7returnlHshttps%BA%2F%2Fconnectmteducationcomsa Help Save & E Che Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 4% uncollectible rate. Accounts more than 60 days are considered old and have a 40% uncoiectele Required: I YOC has $113,000 of young accounts and $370000 of old accounts, how much should be reported in the Allowance for Doubtful Accounts? 2. IT YOC'3 Allowance for Doubtful Accounts currently has an unadjusted credit balance of $37000, how much should be credited to 3. If YOC's Allowance for Doubtflul Accounts has an unadjusted debit balance of $4,700, how much should be credited to the account? the account? Amount to be Credited Amount to be Credited 2 PE

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