Question Help Snead Company uses the aging method to adjust the allowance for uncollectible accounts Snead calculated the allowance for uncollectible accounts at the end of the period at the end of the period EE (Click the lcon to view calculation.) The net receivables on the balance sheet as of December 31, 2018, are (Click the icon to view additional information) The net receivables on the balance sheet are acc mat More Info f Dec t are At December 31, 2018, the balance of accounts receivable is $220,000 and the allowance for uncollectible accounts has a credit balance of $5,000 (before adjustment). An analysis of accounts receivable produced the following age groups. 170,000 45,000 Over 60 days past due ...5000 220,000 60 days past due Based on past experience, Snead estimates that the percentage of accounts that will prove to be uncollectible within the three age groups is 3% of the current balance, 9% of the 60 days past due balance, and 20% of the over 60 days past due balance Print Done then continue to the next question net receivables on the balance sheet as of Dece Data Table are Data Table Percentage Allowance for Aging group Amount uncollectible (%) uncollectible accounts Current ...S170,000 60 days past due Over 60 days past due Total. 5,100 4,050 1,000 45,000 5,000 9 20 S 220,000 10,150 Print Done