The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $94,000; Allowance for Uncollectible Accounts = $2,400 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0 to 60 days past due 61 to 120 days past due More than 120 days past due Total Required 1 Required 2 Required 3 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. Amount Receivable $44,000 24,400 14,400 11, 200 $94,000 Complete this question by entering your answers in the tabs below. Estimate the amount of uncollectible receivables. Age Group Not yet due 0 to 60 days past due 61 to 120 days past due More than 120 days past due Total Estimated Amount Uncollectible $ Estimated Percent Uncollectible 5% 20% 30% 85% 0

The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2024, before any adjustment: Accounts Receivable =$94,000; Allowance for Uncollectible Accounts = $2,400 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below. Required: 1. Estimate the amount of uncollectible recelvables: 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. Estimate the amount of uncollectible receivables. Journal entry worksheet Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2024, before any adjustment: Accounts Receivable =$94,000; Allowance for Uncollectible Accounts = $2,400 (debia). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below. 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. Calculate net accounts receivable reported in the balance sheet