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 $5,500 (credi 1. Accounts not yet due = $34.000; estimated uncollectible =14%. 2. Accounts 1-60 days past due = $19.000; estimated uncollectible = 25%. 3. Accounts more than 60 days past due = $14,000, estimated uncollectible = 50%. Required: 1. Compute the total estimated uncollectible accounts. Age Group Estimated Amount Uncollectible Not yet due 1-60 days past due More than 60 days past due 1.360 4,750 7 000 Total $ 13.110 Journal entry worksheet Record the adjusting entry for Allowance for Uncollectible Accounts Note: Enter debits before credits. Transaction Debit Credit General Journal Bad Debt Expense Allowance for Uncollectible Accounts Record entry Clear entry View general journal