Check my world 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 = $95,000; Allowance for Uncollectible Accounts = $2,500 (debin. 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 $ 45,000 24,500 14,500 11,000 $ 95,000 Estimated Percent Uncollectible 54 105 208 708 ces Required: 1. Estimate the amount of uncollectible receivables. Age Group Estimated Amount Uncollectible Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total Ch 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 1 Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits Debit Credit Date General Journal December 31, 2021 3. Calculate net accounts receivable Total Accounts Receivable Net Accounts Receivable