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 =$341,000;


Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =$341,000; estimated uncollectible =20%. 2. Accounts 130 days past due =$42,600; estimated uncollectible =23%. 3. Accounts 31-90 days past due =$34,100; estimated uncollectible =26% 4. Accounts more than 90 days past due =$25,600; estimated uncollectible =29%, At 12/31/2024, before recording any adjustments, Zuo has a credit balance of $23,900 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 recelvable 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. What journal entry should Zuo record to adjust its allowance for uncollectible accounts? Note: If no entry is requetred for a transaction/event, select "No fournal entry required" in the first account field. Journal entry worksheet Record the adjustment to allowance for uncollectible accounts. Note: Enter debits before credits. Cakculate Zuo's 12/31/2024 net accounts recelvable balance
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