Question: Please do all parts. I will give thumbs up. What other info may I give. This is all that I am given. Zuo Software categorizes

Please do all parts. I will give thumbs up. What other info may I give. This is all that I am given.

Please do all parts. I will give thumbs up. What other infomay I give. This is all that I am given. Zuo Softwarecategorizes its accounts receivable into four age groups for purposes of estimating

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 130 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: 1. Estimate the appropriate 12/31/2024 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 12/31/2024 net accounts receivable balance. Complete this question by entering your answers in the tabs below. Estimate the appropriate 12/31/2024 balance for Zuo's 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 =$344,000; estimated uncollectible =20%. 2. Accounts 130 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: 1. Estimate the appropriate 12/31/2024 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 12/31/2024 net accounts receivable balance. Complete this question by entering your answers in the tabs below. What journal entry should Zuo record to adjust its allowance for uncollectible accounts? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the adjustment to allowance for uncollectible accounts. Note: Enter debits before credits. 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 130 days past due =$43,000; estimated uncollectible =23%. 3 . Accounts 3190 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 uncollect accounts. Required: 1. Estimate the appropriate 12/31/2024 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 12/31/2024 net accounts receivable balance. Complete this question by entering your answers in the tabs below. Calculate Zuo's 12/31/2024 net accounts receivable balance

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