S Homework 27 Seved Exercise 5-10 (Algo) Record the adjusting entry for uncollectible accounts using the aging method (LO5- 5) St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $60,000: Allowance for Uncollectible Accounts $1,500 (credit. St. Joseph estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Required: Amount Receivable Estimated Percent Uncollectible $40,000 20% 10,000 25% 7,000 50% 3,000 90% $60,000 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. Required 1 Required 2 Required 3 Estimate the amount of uncollectible receivables. Age Group Not yet due 0 to 30 days past due 31 to 90 days past due Estimated Amount Uncollectible S C 00:52:23 eBook 0 to 30 days past due 10,000 25% 31 to 90 days past due 7,000 50% More than 90 days past due 3,000 90% Total $60,000 Required: 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. Hint Required 1 Required 2 Required 3 Estimate the amount of uncollectible receivables. Print Age Group Estimated Amount Uncollectible ferences Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total S C 00:52:23 eBook 0 to 30 days past due 10,000 25% 31 to 90 days past due 7,000 50% More than 90 days past due 3,000 90% Total $60,000 Required: 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. Hint Required 1 Required 2 Required 3 Estimate the amount of uncollectible receivables. Print Age Group Estimated Amount Uncollectible ferences Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total 0 Record the adjusting entry for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transac select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 00:52:17 < 1 Book Record the adjusting entry for uncollectible accounts. 66. Int rint Note: Enter debits before credits. Date December 31, 2024 D rences General Journal Debit Credit Clear entry Record entry View general journal 9 ats Age Group Not yet due 0 to 30 days past due 31 to 90 days past due 00:52:11 More than 90 days past due Total eBook Hint Amount Receivable. Uncollectible $40,000 20% 10,000 25% 7,000 50% 3,000 $60,000 90% Required: 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. Print erences Required 1 Required 2 Required 3 Calculate net accounts receivable reported in the balance sheet. Total Accounts Receivable Net Accounts Receivable < Required 2 Required 3>