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

Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts.
Accounts not yet due =$450,000; estimated uncollectible =5%.
Accounts 1-30 days past due =$56,300; estimated uncollectible =9%.
Accounts 31-90 days past due =$45,000; estimated uncollectible =13%
Accounts more than 90 days past due =$33,800; estimated uncollectible =17%.
At 12/31/2024, before recording any adjustments, Zuo has a credit balance of $23,400 in its allowance for uncollectible accounts.
Required:
Estimate the appropriate 1231?2024 balance for Zuo's allowance for uncollectible accounts.
What journal entry should Zuo record to adjust its allowance for uncollectible accounts?
Calculate Zuo's 12/31/2024 net accounts receivable balance.
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Estimate the appropriate 12/31/2024 balance for Zuo's allowance for uncollectible accounts.
Balance in allowance for uncollectible accounts
Zuo Software categorizes its accounts receivable

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