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Check my work Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable $69,000; Allowance for Uncollectible Accounts = $1,500
Check my work Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable $69,000; Allowance for Uncollectible Accounts = $1,500 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. points Amount Receivable $49,000 10,900 Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Estimated Percent Uncollectible 200 256 Book 7.900 1.200 $ 69,000 References Total Required: 1. Estimate the amount of uncollectible receivables. Age Group Estimated Amount Uncollectible Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Chapter Five Homework i Saved Help Required: 1. Estimate the amount of uncollectible receivables. 10 points Age Group Estimated Amount Uncollectible eBook Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Hint References $ 2. Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is requi transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit (Mc Check my work 10 points 2. Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) eBook Hint View transaction list View journal entry worksheet References Debit Credit No 1 Date December 31, 2021 General Journal Bad Debt Expense Allowance for Uncollectible Accounts 10 points 3. Calculate net accounts receivable. eBook Total Accounts Receivable Less: Allowance for Uncollectible Accounts Hint References Net Accounts Receivable
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