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uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 6% uncollectible rate. Accounts more than

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uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 6% uncollectible rate. Accounts more than 60 days are considered old and have a rate. 40% uncollectible Required: 1. If YOC has $119,000 of young accounts and $310.000 of old accounts, how much should be reported in the Alowance for Doubtul Accounts? 2. If YOC's Allowance for Doubtful Accounts currently has an unadjusted credit balance of $31,000, how much should be credited to the account? 3. If YOC's Allowance for Doubtful Accounts has an unadjusted debit balance of $4,100, how much should be credited to the account? 1. Amount to be Reported 2. Amount to be Credited 3. Amount to be Credited

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