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Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,400 (credit), Mercy
Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,400 (credit), Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below Age Group Not yet due 0-30 days past doo 31-90 days past doo More than 90 days past due Total Amount Receivable $31,000 9,100 6,100 4.800 $51,000 Estimated Percent Uncollectible 150 201 459 858 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
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