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Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $62,000; Allowance for Uncollectible Accounts $1,300 (credit). Mercy
Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $62,000; Allowance for Uncollectible Accounts $1,300 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Amount Receivable Estimated Percent Uncollectible Not yet due $42,000 20% 0-30 days past due 10,200 25% 31-90 days past due - 7,200 40% More than 90 days past due 2,600 80% Total $62,000 Required: 1. Estimate the amount of uncollectible receivables. Estimated Age Group Amount Uncollectible. Not yet due $ 8,400 0-30 days past due 2,550 31-90 days past due 2,880 More than 90 days past due: 2,080 Total $ 15,9101
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