Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts.
Accounts not yet due $; estimated uncollectible
Accounts days past due $; estimated uncollectible
Accounts days past due $; estimated uncollectible
Accounts more than days past due $; estimated uncollectible
At before recording any adjustments, Zuo has a credit balance of $ in its allowance for uncollectible accounts.
Required:
Estimate the appropriate balance for Zuo's allowance for uncollectible accounts.
What journal entry should Zuo record to adjust its allowance for uncollectible accounts?
Calculate Zuo's net accounts receivable balance.
