Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet due = $256,000, estimated uncollectible = 15%. 2. Accounts 1-30 days past due = $32,000, estimated uncollectible = 19% 3. Accounts 31-90 days past due = $25,600, estimated uncollectible = 23% 4. Accounts more than 90 days past due = $19,200; estimated uncollectible = 27%. At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $24.900 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 Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet due = $256,000; estimated uncollectible = 15%. 2. Accounts 1-30 days past due = $32,000, estimated uncollectible = 19% 3. Accounts 31-90 days past due = $25,600, estimated uncollectible = 23% 4. Accounts more than 90 days past due = $19,200, estimated uncollectible - 27% At 12/312021, before recording any adjustments, Zuo has a credit balance of $24,900 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 What journal entry should Zuo record to adjust its allowance for uncollectible accounts? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment to allowance for uncollectible accounts. Note: Enter debits before credits. Event General Journal Debit Credit 1 Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet due = $256.000, estimated uncollectible = 15%. 2. Accounts 1-30 days past due = $32,000, estimated uncollectible = 19% 3. Accounts 31-90 days past due = $25,600, estimated uncollectible = 23% 4. Accounts more than 90 days past due = $19.200; estimated uncollectible = 27% At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $24.900 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 Calculate Zuo's 12/31/2021 net accounts receivable balance. Balance in net accounts receivable
