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hi thank you to whoever answers this! i alrrady have the andwer for question 1. i only need 2&3 ty! Physicians' Hospital has the following
hi thank you to whoever answers this! i alrrady have the andwer for question 1. i only need 2&3 ty!
Physicians' Hospital has the following balances on December 31, 2021, before any adjustment Accounts Recelvable = $43,000; Allowance for Uncollectible Accounts - $1,200 (credit. 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. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet Record the adjusting entry for Uncollectible Accounts Note: Enter debits before credits Date General Journal Debit Credit December 31 2021 Record entry Clear entry View general Journal 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 Step by Step Solution
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