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Exercise 5-10A Record the adjusting entry for uncollectible accounts using the aging method (LO5-5) 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 (LO5-5) 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. Age Group Not yet doe 0-30 days past due 31-90 days past due More than 90 days past due Total Amount Receivable $49.000 10,900 7.900 1,200 Estimated Percent Uncollectible 205 255 SON 900 $69,000 3. Calculate net accounts receivable. X Answer is not complete. $ Total Accounts Receivable Less: Allowance for Uncollectible Accounts 69,000 (1,500) Net Accounts Receivable
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