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Young and Old Corporation ( YOC ) uses two aging categories to estimate uncollectible accounts. Accounts less than 6 0 days are considered young and

Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. 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 rate.
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If YOC has $106,000 of young accounts and $460,000 of old accounts, how much should be reported in the Allowance for Doubtful Accounts?
If YOC's Allowance for. Doubtful Accounts currently has an unadjusted credit balance of $46,000, how much should be credited to the account?
If YOC's Allowance for Doubtful Accounts has an unadjusted debit balance of $5,600, how much should be credited to the account?
\table[[1. Amount to be Reported,],[2. Amount to be Credited,],[3. Amount to be Credited,]]
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