Saved

Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for unoullectible accounts.

Accounts not yet due $=$$$271,000$; estimated uncollectible $=15\%.$

Accounts $1-30$ days past due $=$$$33,900,$ estimated uncollectible $=18\%.$

Accounts $31-90$ days past due $=$$$27,100$; estimated uncollectible $=21\%$

Accounts more than $90$ days past due $=$$$20,300$; estlmated uncollectlble $=25\%.$

At $12/31/2024,$ before recording any adjustments, Zuo has a credit balance of $$20,300$ in $$ts allowance for uncollectible accounts.

Required:

Estimate the appropriate $\frac{12}{31}\frac{?}{2024}$ balance for Zuo's allowance for uncollectible accounts.

What joumal entry should Zuo record to adjust its allowance for uncollectible accounts?

Calculate Zuo's $\frac{12}{31}\frac{?}{2024}$ net accounts recelvable balance.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Estimate the appropriate $\frac{12}{31}\frac{?}{2024}$ balance for Zuo's allowance for uncollectible accounts.

Balance in allowance for uncollective accounts