Exercise 5-10 Record the adjustment for uncollectible accounts using the aging method (LO5-4) Mercy Hospital has the following balances on December 31, 2018, before any adjustment Accounts Receivable = $70,000; Allowance for Uncollectible Accounts (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below $1,400 Estimated Percent Uncollectible 15% 20% 45% 85% Amount Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Receivable 50,000 11,000 8,000 1,000 Total 70,000 Required 1. Estimate the amount of uncollectible receivables. Estimated Amount Uncollectible Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total