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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

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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. Age Group Not yet due e to 30 days past due 31 to 90 days past due More than 90 days past due Total Required: Estimated Percent Amount Receivable $50,000 collectible 15% 11,000 20 8,000 45% 1,000 $70.000 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet Complete this question by entering your answers in the tabs below. wences Required 1 Required 2 Required 3 Estimate the amount of uncollectible receivables. Age Group Not yet due 6 to 30 days past due (31 16 90 days past due More than 90 days past due Tutal Estimated ant Required>>>

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