18 of 502 complete) Maverick Company uses the aging method to adjust the allowance for uncollectible accounts at the end of the period (Cack the icon to view adational information.) Maverick calculated the allowance for uncollectible accounts at the end of the period (Cack the icon to view calation) The nel receivables on the balance sheet as of December 31, 2018, are The net receivables on the balance sheet are More Info Data Table Al December 31, 2018, the balance of accounts receivable is $220,000 and the allowance for uncollectible accounts has a credit balance of $5.500 (before adjustment). An analysis of accounts receivable produced the following age Percentage uncollectible Allowance for uncollectible accounts Amount ) groups $ 100.000 Aging group Current 60 days past due Over 50 days past due Current 60 days past de 3.000 32 000 8 000 220.000 Over 60 days past due 220.000 Done Based on past expenence. Maverick estimates that the percentage of accounts that will prove to be uncollectible within the three age groups of the current balance of the 60 days past due bace, and 20% of the over 60 cays past due balance Done