Exercise 5-10A Record the adjusting entry for uncollectible accounts using the aging method (L05-5) Mercy Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $70,000; Allowance for Uncollectible Accounts = $1,400 (credit Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. Estimated Amount Percent Age Group Receivable Not yet due Uncollectible $50,000 159 -30 days past due 31-90 days past due 11,000 201 8.000 45 More than 90 days past due 1.000 85 Total $70,000 Required: 1. Estimate the amount of uncollectible receivables. Answer is complete and correct. Age Group Not yet due 0-30 days paste 31-60 days past due More than 10 days post de Tot Amount Uncollectible 5 7.500 2,200 3.600 850 S 54.150 2. Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet