wo You have been provided with the following Aging Report to use to adjust the Allowance for Uncollectible Accounts for a company at year end 2 Age Group Not yet due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Accounts Receivable $ 80,000 35,000 18,000 12,000 13,000 $158,000 Estimated Percent Uncollectible 5% 10% 20% 40% sex nces 1,600 Credit Allowance for Uncollectible Accounts After reviewing the data, you note the 'not yet due' category is overstated by 20%, while the 'Over 90 days' category is understated by ne this error also caused the AR balance on the schedule to not equal the amount of Accounts Receivable on the balance sheed page Amer.. HW Part 3 Excel Connect - Class AC Saved Help Save & Exit Submit Check my work Required information 212 After reviewing the data, you note the 'not yet due category is overstated by 20%, while the 'Over 90 days' category is understated by 20%. (this error also caused the AR balance on the schedule to not equal the amount of Accounts Receivable on the balance sheet) Also, you note the balance in the Allowance account is actually a debit, rather than a credit. Being that the normal balance for this account is a credit, the accountant hadn't noticed the issue Required: 1. Use your spreadsheet to recalculate the needed adjustment and account balances. What will be the balance in Accounts Receivable and the Allowance for Uncollectible Accounts based on the above information? Book ferences Accounts Receivable Allowance for Uncollectible Accounts 144,667 25,633 $