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Ascension Hospital has the following balances on December 31,2024 , before any adjustment: Accounts Recelvable = $56,000; Allowance for Uncollectible Accounts =$1,300 (credit). Ascension estimates
Ascension Hospital has the following balances on December 31,2024 , before any adjustment: Accounts Recelvable = $56,000; Allowance for Uncollectible Accounts =$1,300 (credit). Ascension estimates uncollectible accounts based on an aging of accounts receivable as shown below. Required: 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31,2024 . 3. Calculate net accounts recelvable reported in the balance sheet. Estimate the amount of uncollectible receivables. Journal entry worksheet Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Calculate net accounts receivable reported in the balance sheet
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