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11. Award: 0.52 points Mercy Hospital has the following balances on December 31, 2018, before any adjustment: Accounts Receivable = $61,000; Allowance for Uncollectible
11. Award: 0.52 points Mercy Hospital has the following balances on December 31, 2018, before any adjustment: Accounts Receivable = $61,000; Allowance for Uncollectible Accounts = $1,400 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0 30 days past due 31-90 days past due Amount Receivable Estimated Percent Uncollectible $ 41,000 10% 10,100 15% 7,100 45% More than 90 days past due 2,800 85% Total $ 61,000 Required: 1. Estimate the amount of uncollectible receivables. Estimated Amount Uncollectible Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total
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