24 Young and Old Corporation (YO) uses two aging categones to estimate uncollectible account Accounts less than 60 days are considered young and have a 5% uncollectible rate Accounts more than 60 days are considered old and have a 40% uncollectible 005 pom Required: 1. IT VOC hor $100,000 of young accounts and $400,000 of old accounts, how much should be reported in the lowance for Doubtfu 2. IF YOC's Allowance for Doubetul Accounts curreny has an unadjusted credit balance of $40,000, how much should be credited to 3. 1 VOC%. Allowance for Doubtful Accounts hos en unadjusted debe balance of $5,000 how much thould be credited to the account? 12 3 Amount bien Amunt Creed Autobed