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Exercise 5-10A Record the adjusting entry for uncollectible accounts using the aging method (L05-5) Mercy Hospital has the following balances on December 31, 2021, before
Exercise 5-10A Record the adjusting entry for uncollectible accounts using the aging method (L05-5) Mercy Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $70,000; Allowance for Uncollectible Accounts = $1,400 (credio Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Anount Receivable $50,000 11,000 8,000 1.000 $70,000 Estimated Percent Uncollectible 159 209 454 854 Required: 1. Estimate the amount of uncollectible receivables. Age Group Estimated Amount Uncollectible Not yet de 030 days paste 31-90 days post dus More than 90 days paste Tot
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