Reference no: EM133118519

Question - At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts:

1. Accounts not yet due = $88,000; estimated uncollectible = 4%.

2. Accounts 1-30 days past due = $22,000; estimated uncollectible = 10%.

3. Accounts more than 30 days past due = $5,000; estimated uncollectible = 45%.

Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $830 (credit).