Part 3. Calculating an Allowance for Doubtful Accounts ve ne required balance in the allowance for doubtful accounts for the Wilson como December 31, 2019. Use the format shown in Illustration 7,6 on page 7-15 of our textbook. The data you will need to compute the required balance in the Allowance is presence three columns (all data shown is as of December 31, 2019) Required Balance in Age Amount Allowance Percentage Estimated to Be Uncollectible 0.6% 3.0 10.0 Under 30 days 30 - 60 days 61-90 days 91 - 120 days Over 120 days $500,000 $125,000 $ 21,000 $ 8,000 $ 46,000