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Hufflepuff Hospital has $590,000 of accounts receivable at December 31, 20x2. It is estimated that 11.5 percent of these accounts will be uncollectable by reason

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Hufflepuff Hospital has $590,000 of accounts receivable at December 31, 20x2. It is estimated that 11.5 percent of these accounts will be uncollectable by reason of charity care, 31 percent will not be collectible because of contractual adjustments, and 5.8 percent will prove to be bad debts. Required: (1) make the necessary adjusting entries at December 31, 20x2, and (2) indicate how the receivables should be reported in the hospital's balance sheet for December 31, 20x2. Link to these cells when using them again Accounts Receivable, Dec. 31,20x2: Charity Care Contractual Adjustments Bad Debt Description Dr: Date 1) Cr: 2) 3) Receivables should be reported as: Description Amount

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