er 5 Homework Seved 1 0:47 Exercise 5-11 (Algo) Record the adjusting entry for uncollectible accounts using the aging method (LO5- 5) The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2024, before any adjustment: Accounts Receivable $107,000: Allowance for Uncollectible Accounts = $3,700 (debit. The center estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Amount Receivable. $57,000 25,700 Estimated Percent Uncollectible 4% 20% 15,700 30% More than 120 days past due 8,600 85% $107,000 Not yet due 0 to 60 days past due 61 to 120 days past due Total Required: 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net accounts receivable reported in the balance sheet. Total Accounts Receivable Net Accounts Receivable Book Hint Required: 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3. Estimate the amount of uncollectible receivables. erences Age Group Estimated Amount Uncollectible Not yet due 0 to 60 days past due 61 to 120 days past due More than 120 days past due Total $ 0 Required f Required 2 > 0:50:37 Journal entry worksheet < Record the adjusting entry for uncollectible accounts. ok it t nces Note: Enter debits before credits. Date December 31, 2004 General Journal Debit Credit Clear entry Record entry View general journal < Required 1 Required 3 > bok nt Required: 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. Complete this question by entering your answers in the tabs below. nt ences Required 1 Required 2 Required 3 Calculate net accounts receivable reported in the balance sheet. Total Accounts Receivable Net Accounts Receivable < Required 2