7. A company has the following balances on December 31, 2021, BEFORE any year-end adjustments: Accounts Receivable=$100,000 Allowance for Uncollectible Accounts=$1,500 (credit) The company estimates uncollectible accounts based on an aging of accounts receivable as shown below: Age Group Amount Receivable Estimated Percent Uncollectible Not Yet Due $ 60,000 5% 0-30 days past due 20,000 159 31-90 days past due 15,000 40% More than 90 days past 5,000 80% due TOTAL $100,000 Record the adjusting entry for uncollectible accounts on December 31, 2021