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help pleez Whenat browserslaunchurl-https253A%252F%252Fnewconnect theducation.com 252F# - redit Saved Help Save & E Chec Mercy Hospital has the following balances on December 31, 2021, before
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Whenat browserslaunchurl-https253A%252F%252Fnewconnect theducation.com 252F# - redit Saved Help Save & E Chec Mercy Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $54,000: Allowance for Uncollectible Accounts = $1,400 (credit). Merey estimates uncollectible accounts based on an aging of accounts receivable as shown below Amount Estimated Percent Age Group Receivable Uncollectible Not yet due $34,000 0-30 days past due 9,400 20% 31-90 days past due 6,400 45% More than 90 days past due 4,200 85% Total $54,000 15% 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 Prev 2 of 3 Next > 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.) View transaction ist Journal entry worksheet 1 ord the adjusting entry for Uncollectible Accounts Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 Step by Step Solution
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