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Exercise 7-13 (Algo) Calculate uncollectible accounts using the aging method; record adjustment (L07-5, 7-6) Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due = $255,000; estimated uncollectible - 20%. 2. Accounts 1-45 days past due = $35,300; estimated uncollectible = 25%. 3. Accounts more than 45 days past due = $14,000; estimated uncollectible - 30%. Before recording any adjustments, Dhaliwal has a debit balance of $63,100 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2021 balance for Dhaliwal's allowance for uncollectible accounts. 2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts? Required 1 Required 2 Estimate the appropriate 12/31/2021 balance for Dhaliwal's allowance for uncollectible accounts. Balance in allowance for uncollectible accounts Required 2 > Required 1 Required 2 What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment to allowance for uncollectible accounts. Note: Enter debits before credits Debit Credit General Journal Event

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