Question: Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =

Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due = $60,000; estimated uncollectible 5%. 2. Accounts 1-30 days past due - $15,000; estimated uncollectible = 10% 3. Accounts 31-60 days past due = $10,000; estimated uncollectible = 20%. 4. Accounts more than 60 days past due = $5.000; estimated uncollectible = 30%. What should be the balance in Crell's allowance for uncollectible accounts? . Three requirements: 1. Prepare your answer to the above in the form of a spreadsheet. Please attach. 2. Record the journal entry. Assume the company had a zero beginning allowance (first year of business) 3. What is the net accounts receivable on the balance sheet
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