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Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =$400,000;

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Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =$400,000; estimated uncollectible =8%. 2. Accounts 130 days past due =$50,000; cstimated uncollectible =15%. 3. Accounts 3190 days past due =$40,000; estimated uncollectible =30% 4. Accounts more than 90 days past due =$30,000; estimated uncollectible =50%. At 12/31/2024, before recording any adjustments, Zuo has a credit balance of $22,000 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2024 balance for Zuo's allowance for uncollectible accounts. 2. What journal entry should Zuo record to adjust its allowance for uncollectible accounts? 3. Calculate Zuo's 12/31/2024 net accounts receivable balance

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