Young and Old Corporation (YOC) uses two aging categories to estimate uncollectable accounts. Accounts less than 60 days are considered young and have a 5% uncollectable rate. Accounts more than 60 days are considered old and have a 35% uncollectable rate. Required: 1. If YOC has $156,000 of young accounts and $440,000 of old accounts, how much should be reported in the Allowance for Doubtful Accounts? Amounts to be reported 2. If YOC's Allowance for Doubtful Accounts currently has an unadjusted credit balance of $30,500, how much should be credited to the account? Amounts to be credited 2. If YOC's Allowance for Doubtful Accounts currently has an unadjusted credit balance of $30,500, how much should be credited to the account? Amounts to be credited 3. If YOC's Allowance for Doubtful Accounts has an unadjusted debit balance of $11,000, how much should be credited to the account? Amounts to be credited 4. Not Available in Connect