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Mercy Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $55,000, Allowance for Uncollectible Accounts = $1,500 (credit). Mercy

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Mercy Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $55,000, Allowance for Uncollectible Accounts = $1,500 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Amount Receivable $35,000 9,500 6,500 4,000 $55,000 Estimated Percent Uncollectible 20% 25% 50% I 90% Required: 1. Estimate the amount of uncollectible receivables Answer is complete and correct. Estimated Age Group Amount Uncollectible Not yet due 7.000 9 MB 3. Calculate net accounts receivable. X Answer is not complete. Total Accounts Receivable $ 55,000 14,725 Less: Allowance for Uncollectible Accounts Net Accounts Receivable 6 of 10

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