Exercise $5-11($Algo$)$ Record the adjusting entry for uncollectible accounts using the aging method $($LO$55)$

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 $=$$$95,000$; Allowance for Uncollectible Accounts $=$ $$2,500($debit$).$ The center estimates uncollectible accounts based on an aging of accounts receivable as shown below:

Required:

Estimate the amount of uncollectible receivables.

Record the adjusting entry for uncollectible accounts on December $31,2024.$

Calculate net accounts receivable reported in the balance sheet.