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 = $92,000; Allowance for Uncollectible Accounts = $2,200 (debit). 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 adjustment for uncollectible accounts on December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

3. Calculate the net realizable value of accounts receivable.

Estimated Percent Uncollectible 5% 10% 20% Amount Age Group Not yet due 0-60 days past due 61 120 days past due More than 120 days past due Receivable $42,000 24,200 14,200 11,600 Total $92,000