i Data Table Age of Accounts 61-90 Days 1-30 Days 31-60 Days Over 90 Days Total Balance $320,000 $130,000 $100,000 $60,000 $30,000 Estimated uncollectible 0.3% 2.0 % 5.0 % 60.0 % Print Done At December 31, 2016, before any year-end adjustments, the Accounts Receivable balance of Stenner's Ellectronics, Inc., is $320,000. The Allowance rDoubtful Accounts has a(n) $18,700 credit balance. Stenner's Electronics prepares the ble gng n to view the aaing schedule.) Requirements Based on the aging of Accounts Receivable, is the unadjusted balance of the allowance account adequate? Too high? Too low? 2. Make the entry required by the aging schedule. Prepare a T-account for the allowance. balance sheet 3. Show how Stenner's Electronics will report Accounts Receivable on its December Betore we can assess whether the current balance 1 the allowance account is acequate, we tirst nave to caiculate a revised allowance 1or doubtrul accounts amount. (Round to the nearest collar.) Allowance for Doubtful Accounts: Credit balance needed 1-30 31-60 61-90 Over 90 Subtotal Less: Unadjusted balance Adjusting entry amount