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E 7-14 Calculate uncollectible accounts using the aging method; record adjustment LO7-5,LO7-6 Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due = $180,000; estimated uncollectible = 10%. 2. Accounts 1-45 days past due = $25,000; estimated uncollectible = 20%. 3. Accounts more than 45 days past due = $10,000; estimated uncollectible = 30%. Before recording any adjustments, Dhaliwal has a debit balance of $45,000 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2024 balance for Dhaliwal's allowance for uncollectible accounts. 2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts?

E 7-14 Calculate uncollectible accounts using the aging method; record adjustment LO7-5, LO7-6 Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =$180,000; estimated uncollectible =10%. 2. Accounts 145 days past due =$25,000; estimated uncollectible =20%. 3. Accounts more than 45 days past due =$10,000; estimated uncollectible =30%. Before recording any adjustments, Dhaliwal has a debit balance of $45,000 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2024 balance for Dhaliwal's allowance for uncollectible accounts. 2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts

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