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= Ascension Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable $50,000; Allowance for Uncollectible Accounts $1,300 (credit). Ascension
= Ascension Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable $50,000; Allowance for Uncollectible Accounts $1,300 (credit). Ascension 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 Required: Estimated Amount Receivable Percent Uncollectible $30,000 20% 9,000 25% 6,000 40% 5,000 80% $50,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Estimate the amount of uncollectible receivables. Age Group Estimated Amount Uncollectible Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total $ 0 < Prev 6 of 7 Next > MacBook Pro E
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