Check my work 1 Exercise 5-8A Record the adjusting entry for uncollectible accounts and calculate net accounts receivable (LO5-5) Book Physicians' Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $43,000 Allowance for Uncollectible Accounts = $1,200 (credin, on December 31, 2021, Physicians' estimates uncollectible accounts to be 10% of accounts receivable. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2021 ( no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) rences View transaction list Journal entry worksheet > 1 Record the adjusting entry for Uncollectible Accounts Note: Enter debits before credits Prev 1 of 4 HIE Next > Journal entry worksheet 1 Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general Journal Check my work 2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet. Bad Debt Expense Allowance for Uncollectible Accounts 3. Calculate net accounts receivable. Total Accounts Receivable Net Accounts Receivable