Question: Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet due $297.000,

 Zuo Software categorizes its accounts receivable into four age groups for
purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet

Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet due $297.000, estimated uncollectible 15% 2. Accounts 1-30 days past due - $37.200, estimated uncollectible = 19% 3. Accounts 31-90 days past due = $29.700. estimated uncollectible - 22% 4. Accounts more than 90 days past due = $22,300 estimated uncollectible 26% At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $30,000 in its allowance for uncollectible accounts Required: 1. Estimate the appropriate 12/312021 balance for Zuo's allowance for uncollectible accounts 2. What joumal entry should Zuo record to adjust its allowance for uncollectible accounts? 3. Cnicuinte Zuo's 12/31/2021 net accounts receivable bolance Required 1 Required 2 Required Estimate the appropriate 12/31/2021 balance for Zuo's allowance for uncollectible accounts: Balance in allowance for uncoctible counts Heed 2 > 43"F 535 12/12/2011 Toscatch O Si o 29. Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts 1. Accounts not yet due = $297.000; estimated uncollectible = 15% 2. Accounts 1-36 days past due = $37,200, estimated uncollectible = 19%. 3. Accounts 31-90 days past due = $ 29,700, estimated uncollectible = 22% 4. Accounts more than 90 days past due = $22,300; estimated uncollectible = 26% At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $30,000 in its allowance for uncollectible accounts Required: 1. Estimate the appropriate 12/31/2021 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 12/31/2021 net accounts receivable balance. Required 1 Required 2 Required 3 Estimate the appropriate 12/31/2021 balance for Zuo's allowance for uncollectible accounts. Balance in allowance for uncollectible accounts Required 2 >

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