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Zuo Software canegorizes ins accouns rectivable into four age groups for purposes of estimating ins allowance for uncollectiole actours. Accouns not yet due = $

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Zuo Software canegorizes ins accouns rectivable into four age groups for purposes of estimating ins allowance for uncollectiole
actours.
Accouns not yet due =$400,000; estimated uncollectble =89;
Accounts 31-90 days past due =$40,000, estmoted uncolectible =30%4. Accounts more than 90 days past due =$30,000, estimated uncolectible =50%.
At 12/31/2024, before recording any adjustments, Zuo has a credit balance of $22,000 in iss allowance for uncollectble accounts.
Reulred:
Estimate the appropriase 12/31/2024 balance for Zuo's allowance for uncollectible accounts:
2 What journal entry should Zuo record to adjust its allowance for uncolectible accounts?
Calculate Zuo's 1201/2024 net accounts recelivable balance.
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Eitimate the appropriate 12/31/2024 balance for Zuo's allowance for uncellectible acteunts.
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What journal entry ahould Zup record to adjuat its allewance for uncollect ble accounte?
Journal entry worksheet
1
Clear entry
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Required 3
Calculate Zuo's 12/31/2024 net accounts receivable balance.
Bulance in net actounts recelvable
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