Packer Hospital has $760,000 of accounts receivable as of December 31, 20X1. An aging schedule is prepared that indicates that bad debts should be estimated in the amount of $58,000. Before adjustment, however, the allowance for bad debts account has a December 31, 20X1, credit balance of $3,700. During 20X2, $64,800 of the 20X1 accounts receivable are written off as bad debts; the remainder of the accounts are collected. On December 31, 20X2, Packer Hospital has $827,000 of accounts receivable, and an aging schedule is prepared that indicates that bad debts should be estimated in the amount of $71,000.

(1) Make the necessary entry at December 31, 20X1, to record the required provision for bad debts.

(2) Make the necessary summary entry to record the write off of uncollectible accounts in 20X2.

(3) Make the necessary entry as of December 31, 20X2, to record the required provision for bad debts.

(4) Indicate the presentation of receivables in the hospitals December 31, 20X2, balance sheet.