Question: Help with the missing ones At December 31,2021 , before any year-end adjustments, the Accounts Receivable balance of MJT Technology, Inc., is $380,000. The Allowance

year-end adjustments, the Accounts Receivable balance of MJT Technology, Inc., is $380,000.

The Allowance for Uncollectible Accounts has a(n) $23,100 credit balance. MJT Technology prepares the following aging schedule for Accounts Receivable: (Click the icon to

Help with the missing ones

At December 31,2021 , before any year-end adjustments, the Accounts Receivable balance of MJT Technology, Inc., is $380,000. The Allowance for Uncollectible Accounts has a(n) $23,100 credit balance. MJT Technology prepares the following aging schedule for Accounts Receivable: (Click the icon to view the aging schedule.) Read the requirements. Requirement 1. Based on the aging of Accounts Receivable, is the unadjusted balance of the allowance account adequate? Too high? Too low? First, calculate a revised allowance for uncollectible accounts amount and the adjusting entry amount. (Round to the nearest dollar.) Allowance for Uncollectible Accounts: The credit balance at December 31 in Allowance for Uncollectible Accounts should be The current balance is Thus, the current balance of the allowance account is Data table

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