XYZ Corp. uses the aging of receivables method when calculating the estimated uncollectable amount. Use the below facts to determine the required amount in allowance account for accounts receivables.

Classifications by Due Date	Balance in Category	Estimated % Uncollectible
Current	$20,000	1%
31-60 Days	$7,365	3%
61-90 Days	$5,250	10%
90+ Days	$1,375	20%
	$33,990	34%

Question 4 options:

	1,221
	2,889
	6,625
	11,557