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1Requirement 1. Based on the aging of Accounts Receivable, is the unadjusted balance of the...

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Accounting

1Requirement 1. Based on the aging of Accounts Receivable, is the unadjusted balance of the allowance account adequate? Too high? Too low?First, calculate a revised allowance for uncollectible accounts amount and the adjusting entry amount. (Round to the nearest dollar.) Allowance for Uncollectible Accounts:Credit balance needed 130 $70031605,50061904,900Over 9015,000Subtotal$26,100Less: Unadjusted balance(20,900)Adjusting entry amount$5,200 Part 2The credit balance at December 31 in Allowance for Uncollectible Accounts should be . The current balance is . Thus, the current balance of the allowance account is

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