Exercise 5-10A Record the adjusting entry for uncollectible accounts using the aging method (LO5-5) 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. Age Group Not yet due 2-30 days past due 31-90 days past due More than 90 days past due Total Amount Receivable $50, eee 11, eee 8, een 1. eee $70, eee Estimated Percent Uncollectible 15% 20% 45% 85% 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 et Journal entry worksheet Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general Journal 3. Calculate net accounts recevable. Total Accounts Receivable Net Accounts Receivable