At the beginning of 20X1. L5h Hospital reported Accounts Receivable $9500 and Allowance for Uncollectible Accounts $1800 (credit) During 20x1, before recording the year-end adjusting entries, the Hospital recorded credit soles revenue $20000 and wrote of accounts receivable $400. 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. Amount Estimated Percent Age Group Receivable 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, 2oxt, what is the amount of accounts receivable that the Hospital expects to collect from customers? $13000 $10500 57700 $10900 What is the amount of bad debt expense that the Hospital recorded in its December 31, 20X1. adjustment to the allowance account? O $300 52100 O $1700 5700 How much cash did the Hospital collect on Accounts Receivable in 20X1? O 516100 $16500 520000 519600 Madison Outlet has the following inventory transactions for the year Date Jan. 1 Mar. 14 Transaction Beginning inventory Purchase Numbers of Units 10 15 Unit Cost $200 300 Total cost $2,800 4,500 $6,500 Jan. 1 - Dec. 31 Total sales to customers 12 What amount would Madison report for ending inventory using FIFO? Multiple Choice O $2500 O $2.900 O $3,600 O $3.900