Exercise 5-9 (Static) Record the adjusting entry for uncollectible accounts and calculate net accounts receivable (LO5-5) Southwest Pediatrics has the following balances on December 31, 2024, before any adjustment Accounts Receivable $130,000 Allowance for Uncollectible Accounts $2,100 (debi On December 31, 2024, Southwest estimates uncollectible accounts to be 20% of accounts receivable. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2024 2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet. 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 Record the adjusting entry for uncollectible accounts on Decembe31, 2004. (If no entry is required for a particular transaction/event select "urnal Entry Required" in the first account field.) View transaction st Journal entry worksheet Record the adjusting entry for Uncollectible Accounts