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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 $344,000,

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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 $344,000, estimated uncollectible 20% 2 Accounts 1-30 days past due $43.000, estimated uncollectible = 23% 3. Accounts 31-90 days past due $34,400, estimated uncollectible = 26% 4. Accounts more than 90 days past due - $25,800. estimated uncollectible = 30% At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $29,300 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 collectible accounts Required 2 >

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