$5$ Exercises

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Mercy Hospital has the following balances on December $31,2024,$ before any adjustment: Accounts Receivable $=$$$70,000$; Allowance for Uncollectible Accounts $=$$$1,400($credit$).$ Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below.

$\backslash$table$[[$Age Group,$\backslash$table$[[$Amount$],[$Receivable$]],\backslash$table$[[$Estimated$],[$Percent$],[$Uncollectible$]]],[$Not yet due,$$50,000,15\%$