Brief Exercise 5-11 Calculate uncollectible accounts using the aging method (L05-5) Spade Agency separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. In addition, the balance of Allowance for Uncollectible Accounts before adjustment is $12,000 (credit. 1. Accounts not yet due = $47.000; estimated uncollectible = 4%. 2. Accounts 1-60 days past due = $32,000; estimated uncollectible = 25%. 3. Accounts more than 60 days past due = $27,000; estimated uncollectible = 50% Required: 1. Compute the total estimated uncollectible accounts. Estimated Age Group Amount Uncollectible Not yet due 1-60 days past due More than 60 days past due Total 2. Record the year-end adjustment for estimated uncollectible accounts (if no entry is required for a particular transaction/event. select "No Journal Entry Required in the first account field.) Views -pier 5 Homework 1 Saved 2. Record the year-end adjustment for estimated uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list ints Journal entry worksheet Book Print Record the adjusting entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits Transaction 1 General Journal Debit tredit Clear Me