ACC 101 Exam #3 (Chpts 5 & 6) i 19 A hospital has the following balances on December 31, Year 1, before any adjustment Accounts Receivable = $55,000; Allowance for Uncollectible Accounts = $1,500 (credit). The hospital estimates uncollectible accounts based on an aging of accounts receivable as shown below 12 points Age Group Not yet die 0-30 days past due 31-90 days past due More than 90 days past due Total 00:44:20 Estimated Percent Uncollectible 200 250 500 900 amount Receivable $35.000 9,500 6,500 4.000 $ 55.000 Required: 1. Estimate the amount of uncollectible receivables. Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Estimated Amount Uncollectible $ 7.000 2375 3.250 3,600 $ 16,225 MC Graw Hill EX19_AC_CHO2.docx Saved CC 101 Exam #3 (Chpts 5&6) 19 2. Record the adjusting entry for uncollectible accounts on December 31, Year 1. (If no entry is required for a particula transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 2 oints Journal entry worksheet 00:44:03