8 Exercise 5-10A Record the adjusting entry for uncollectible accounts using the aging method (LO5-5) 0.27 points 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. eBook Age Group Not yet due 030 days past due 3190 days past due More than 90 days past due tot Hint Estimated Percent Uncollectible 15% 20% 45% 85% Amount Receivable $50,000 11,000 8,000 1,000 $ 70,000 Total Print Required: 1. Estimate the amount of uncollectible receivables. References Age Group Estimated Amount Uncollectible Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total 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 Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal 3. Calculate net accounts receivable. Total Accounts Receivable Net Accounts Receivable