Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help finishing what i got wrong. Ascension Hospital has the following balances on December 31,2024 , before any acjustment Accounts Receivable = 567,000 ;

need help finishing what i got wrong. image text in transcribed
image text in transcribed
image text in transcribed
Ascension Hospital has the following balances on December 31,2024 , before any acjustment Accounts Receivable = 567,000 ; Allowance for Uncallectible Accounts $1,400 (credit). Ascension estimates incollectible accounts based on an aging of accounts recelvable as shown below Required: 1. Estimate the amount of uncollectible recelvables 2. Pecord the adjusting entry for uncollectible accounts on December 31, 2024 3. Colculate net eccounts recelvable reported in the beiance sheet. (x) Answer is cemplete but not entirely cerrect. Complete this question by entering your answers in the tabs below. Estimate the amount of uncellectible receivabies. Ascension Hosoitai has the following balances an December 31, 2024, before any adjustment Accounts Apcervable = $67jo00; Allowbnce for Uncollectible Accounts = 51,400 (credic Ascension estimates uncolectible accounts based on an aging of accounts receivable ars shown below. Required: 1. Estimate the amount of uncollect ble recevables 2. Record the adfusting entry for uncoliectible accounts on December 31, 2024. 3. Calculate net accounts recelvable reported in the balsnce sheet Answer is complete but not entirely correct. Complete this quention by entering your anwmers in the tabs beluw. Ascension Hospitai has the following bylances on December 31, 2024, before any adjustment Accounts Ancevitile - 567000 . Allowance for Uncollectible Acccunts = $1,400 (credit Ascension estmates uncelectible accounts bysed on an aging of actoonth receivable as shown below Aequired: 1. Estimate the amount of unceliectible receivables. 1. Estimate the amount of uncolectible reccivables. 2. Aecond the adjusting entry for uncolecuble accounts on December 31, 2024 3. Calculste net accounts receivable reported in the balance sheet 8) Antwar is consplete but not entirely currect. Complete this question by entaring your answers in the tabs below. Caculate het accounts recelvable reported in the talance sheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Assurance And Consulting Services

Authors: Kurt F. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Contributing Writer, Cris Ridd, Richard Tuschman

1st Edition

0894136100, 978-0894136108

More Books

Students also viewed these Accounting questions

Question

=+ Does this site have scientific, medical, or legal advice?

Answered: 1 week ago

Question

understand the meaning of the terms discipline and grievance

Answered: 1 week ago