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At the beginning of 20X1, D6l Hospital reported Accounts Receivable $10500 and Allowance for Uncollectible Accounts $1800 (credit). During 20X1, before recording the year-end adjusting

At the beginning of 20X1, D6l Hospital reported Accounts Receivable $10500 and Allowance for Uncollectible Accounts $1800 (credit). During 20X1, before recording the year-end adjusting entries, the Hospital recorded credit sales revenue $16000 and wrote off accounts receivable $450. The following balance was reported on December 31, 20X1, before any adjustment: Accounts Receivable = $13000. The Hospital estimates uncollectible accounts based on an aging of accounts receivable as shown below.

Age Group

Amount Receivable

Estimated Percent Uncollectible

Not yet due

$

8,000

10

%

0-30 days past due

4,000

20

%

More than 30 days past due

1,000

50

%

Total

$

13,000

Required: Please choose the best answer to the following questions based on the above information.

On December 31, 20X1, what is the amount of accounts receivable that the Hospital expects to collect from customers?

multiple choice 1

  • $8700

  • $13000

  • $10900

  • $10450

What is the amount of bad debt expense that the Hospital recorded in its December 31, 20X1, adjustment to the allowance account?

multiple choice 2

  • $750

  • $300

  • $2100

  • $1650

How much cash did the Hospital collect on Accounts Receivable in 20X1?

multiple choice 3

  • $16000

  • $15550

  • $13050

  • $13500

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