Receivables and Inventories All-Natural Company has a past history of uncollectible accounts b ollows: Percent Uncollectible 1% Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due 3769 16 40 90 Assume that the allowance for doubtful accounts for Avery's all natural company has a negative balance of $(2,250) before adjustment on December 31 2047. Illustrate the effect on the accounts and financial statements of the adjustment for uncollectible accounts. Chapter 6 Receivables and Inventories Averys All-Natural Company has a past history of uncollectible accounts by age at egory, as follows: Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due Percent Uncollectible 196 3 7 16 40 90 C CO Instructions e Receivables and Inventories All-Natural Company has a past history of uncollectible accounts b ollows: Percent Uncollectible 1% Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due 3769 16 40 90 Assume that the allowance for doubtful accounts for Avery's all natural company has a negative balance of $(2,250) before adjustment on December 31 2047. Illustrate the effect on the accounts and financial statements of the adjustment for uncollectible accounts. Chapter 6 Receivables and Inventories Averys All-Natural Company has a past history of uncollectible accounts by age at egory, as follows: Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due Percent Uncollectible 196 3 7 16 40 90 C CO Instructions e