Homework: Cash, Receivables, and Revenue (Ch. 4 & Ch. 5) core: 0 of 1 pt 6 of 9 (5 complete) HW Score: 55,5 E5-20A (similar to) Questio Al December 31, 2018, before any year-end adjustments, the Accounts Receivable balance of Turf Trimmers, Inc. is $370,000. The Allowance for Uncolle Accounts has a(n) $21,000 credit balance. Turf Trimmers prepares the following aging schedule for Accounts Receivable: (Click the icon to view the aging schedule.) Read the requirements 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 uncollectible accounts amount and the adjusting entry amount. (Round to the nearest dollar.) Allowance for Uncollectible Accounts: Credit balance needed 1-30 31-60 61-90 Over 90 Subtotal Less: Unadjusted balance Adjusting entry amount C22 Enter any number in the edit fields and then click Check Answer. 5 parts Clear AN remaining Check Answer Homework: Cash, Receivables, and Revenue (Ch. 4 & Ch. 5) core: 0 of 1 pt 6 of 9 (5 complete) HW Score: 55,5 E5-20A (similar to) Questio Al December 31, 2018, before any year-end adjustments, the Accounts Receivable balance of Turf Trimmers, Inc. is $370,000. The Allowance for Uncolle Accounts has a(n) $21,000 credit balance. Turf Trimmers prepares the following aging schedule for Accounts Receivable: (Click the icon to view the aging schedule.) Read the requirements 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 uncollectible accounts amount and the adjusting entry amount. (Round to the nearest dollar.) Allowance for Uncollectible Accounts: Credit balance needed 1-30 31-60 61-90 Over 90 Subtotal Less: Unadjusted balance Adjusting entry amount C22 Enter any number in the edit fields and then click Check Answer. 5 parts Clear AN remaining Check