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Old MathJax webview Mercy Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $51,000: Allowance for Uncollectible Accounts =
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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 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 $31,000 9,180 6,100 Estimated Percent Uncollectible 15% 20x 45% 85% 4,300 $51,000 Required: 1. Estimate the amount of uncollectible receivables ces ces 2. Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No General Journal Date December 31 2021 Debit Credit 1 13.295 13,295 3. Calculate net accounts receivable Total Accounts Receivable Net Accounts Receivable
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