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2 15 points eBook Hint Print St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $57,000; Allowance
2 15 points eBook Hint Print St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $57,000; Allowance for Uncollectible Accounts = $1,400 (credit). St. Joseph estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Amount Receivable $37,000 9,700 6,700 3,600 $57,000 Estimated Percent Uncollectible 15% 20% 45% 85% 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.
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