Mercy Hospital has the following balances on December 31, 2018, before any adjustment: Accounts Receivable = $62,000; Allowance for Uncollectible Accounts = $1,300 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below.

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 = $62,000; Alo accounts based on an aging of accounts receivable as shown below. ance for Uncollectible Accounts $1,300 credit Mercy estimates uncollectible Amount Estimated Percent Age Grougp Not yet due 0-30 days past due 31-90 days past due More than 90 days past due $42,000 10,200 7,200 2,600 15% 20% 40% 80% Total $62,000 Required 1. Estimate the amount of uncollectible receivables. Age Group Amount Uncollectible Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total