Exercise 5-10 (Algo) Record the adjusting entry for uncollectible accounts using the aging method (LO5- 5) Providence Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $68,000; Allowance for Uncollectible Accounts = $1,300 (credit). Providence estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Estimated Percent Amount Receivable Uncollectible $48,000 20% 10,800 25% 7,800 40% 1,400 80% $68,000 Total Required: 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Estimate the amount of uncollectible receivables. Age Group Estimated Amount Uncollectible Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Required 1 Required 2 >