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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 =
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 12/31/2024, before recording any adjustments, Zuo has a credit balance of $29,300 in its allowance for uncollectible accounts. Required:
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