Young and Old Corporation $($YOC$)$ uses two aging categories to estimate uncollectible accounts. Accounts less than sixty days are considered young and have a $10$ percent uncollectible rate. Accounts more than sixty days are considered old and have a $30$ percent uncollectible rate.

Required:

$1.$ If YOC has $$191,000$ of young accounts and $$465,000$ of old accounts, how much should be reported in the Allowance for Doubtful Accounts?

$2.$ If YOC$$s Allowance for Doubtful Accounts currently has an unadjusted credit balance of $$38,000,$ how much should be credited to the account?

$3.$ If YOC$$s Allowance for Doubtful Accounts has an unadjusted debit balance of $$14,750,$ how much should be credited to the account?

$4.$ This part of the question is not part of your Connect assignment.