Exercise 5-11A 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, 2021, before any adjustment: Accounts Receivable = $101,000; Allowance for Uncollectible Accounts = $3,100 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total Amount Receivable $ 51,000 25, 100 15, 100 9,800 $ 101,000 Estimated Percent Uncollectible 4% 20% 30% 85% Required: 1. Estimate the amount of uncollectible receivables. Answer is complete but not entirely correct. Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total Estimated Amount Uncollectible $ 51,000 X 25,100 X 15,100 X 9,800 X $ 101,000