The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2018, before any adjustment: Accounts Receivable = $98,000; Allowance for Uncollectible Accounts = $2,800 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below.

Exercise 5-11 Record the adjustment for uncollectible accounts using the aging method (LO5-4) The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2018, before any adjustment: Accounts Receivable- $98,000; Allowance for Uncollectible Accounts $2,800 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below Estimated Percent Uncollectible 8% 10% 20% 70% Amount Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due S 48,000 24,800 14,800 10,400 Total $98,000 Required 1. Estimate the amount of uncollectible receivables. Age Group Amount Uncollectible Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total