Exercise 5-10 (Static) Record the adjusting entry for uncollectible accounts using the aging method (LO5-5) Mercy Hospital has the following balances on December 31, 2024, 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 st yet d to 30 days past due 35 to 90 days past due Pore than se days past due Total Required: Estimated Percent Ant Recalable $50,000 collectible 11,000 3,000 45% 1. Estimate the amount of uncollectible receivables 2. fecond the adjusting entry for uncollectible accounts on December 31, 2024 3. Calculate net accounts receivable reported in the balance sheet Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Estimate the amount of unactie cevable Age Gr Not yet du to 30 days past 31 90 days past due Mas an 50 days pat d Tital 8,000 O