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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. Estimated Amount Percent Age Group Receivable Uncollectible Not yet due $50,000 155 0-30 days past due 11,000 201 31-90 days past due 8.000 454 More than 90 days past due 1.000 851 Total $70,000 Required: 1. Estimate the amount of uncollectible receivables. 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