A company has the following balances on December 31, 2024, before any year-end adjustments: Accounts Receivable...

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A company has the following balances on December 31, 2024, before any year-end adjustments: Accounts Receivable = $80,000; Allowance for Uncollectible Accounts = $1,100 (credit). The company estimates uncollectible accounts based on an aging of accounts receivable as shown below: M Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Amount Receivable $ 48,000 18,000 10,000 4,000 $ 80,000 Estimated Percent Uncollectible 58 158 40% 80% Required: Record the adjustment for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) A company has the following balances on December 31, 2024, before any year-end adjustments: Accounts Receivable = $80,000; Allowance for Uncollectible Accounts = $1,100 (credit). The company estimates uncollectible accounts based on an aging of accounts receivable as shown below: M Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Amount Receivable $ 48,000 18,000 10,000 4,000 $ 80,000 Estimated Percent Uncollectible 58 158 40% 80% Required: Record the adjustment for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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