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1) Hardik Hospital has the following balances on December 31, 2022, before any adjustments: accounts receivable = $104,000; allowance for uncollectible accounts = $3,600 (credit).
1) Hardik Hospital has the following balances on December 31, 2022, before any adjustments: accounts receivable = $104,000; allowance for uncollectible accounts = $3,600 (credit). Hardik estimates that $29,100 of what is owed will be uncollectible.
Required: Record the adjustment for uncollectible accounts on December 31, 2022.
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