Required:

1. Estimate the amount of uncollectible receivables.

2. Record the adjustment for uncollectible accounts on December 31, 2018.

3. Calculate the net realizable value of accounts receivable.

The Physical Therapy Center specializes in helping patients regain motor skills after serilous accidents. The center has the following balances on December 31, 2018, before any adju Allowance for Uncollectible Accounts $3,600 (debit). The center estimates uncollectibl stment: Accounts e accounts based on an aging of accounts receivable as shown below Estimated Percent Uncollectible 5% 10% 20% 80% Amount Age Group Not yel due 0- 60 days past due 61-120 days past due More than 120 days past due Receivable 56,000 25,600 15,600 8,800 Total $106,000