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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 $297.000,

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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 $297.000, estimated uncollectible 15% 2. Accounts 1-30 days past due - $37.200, estimated uncollectible = 19% 3. Accounts 31-90 days past due = $29.700. estimated uncollectible - 22% 4. Accounts more than 90 days past due = $22,300 estimated uncollectible 26% At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $30,000 in its allowance for uncollectible accounts Required: 1. Estimate the appropriate 12/312021 balance for Zuo's allowance for uncollectible accounts 2. What joumal entry should Zuo record to adjust its allowance for uncollectible accounts? 3. Cnicuinte Zuo's 12/31/2021 net accounts receivable bolance Required 1 Required 2 Required Estimate the appropriate 12/31/2021 balance for Zuo's allowance for uncollectible accounts: Balance in allowance for uncoctible counts Heed 2 > 43"F 535 12/12/2011 Toscatch O Si o 29. Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet due = $297.000; estimated uncollectible = 15% 2. Accounts 1-36 days past due = $37,200, estimated uncollectible = 19%. 3. Accounts 31-90 days past due = $ 29,700, estimated uncollectible = 22% 4. Accounts more than 90 days past due = $22,300; estimated uncollectible = 26% At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $30,000 in its allowance for uncollectible accounts Required: 1. Estimate the appropriate 12/31/2021 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 12/31/2021 net accounts receivable balance. Required 1 Required 2 Required 3 Estimate the appropriate 12/31/2021 balance for Zuo's allowance for uncollectible accounts. Balance in allowance for uncollectible accounts Required 2 >

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