Physicians' Hospital has the following balances on December 31, 2018, before any adjustment: Accounts Receivable = $57,000; Allowance for Uncollectible Accounts = $1,100 (credit). On December 31, 2018, Physicians' estimates uncollectible accounts to be 15% of accounts receivable.

Required:

1. Record the adjustment for uncollectible accounts on December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet

Record the adjustment entry for Uncollectible Accounts.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31, 2018

2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet.

Bad debt expense
Allowance for uncollectible accounts

3. Calculate the net realizable value of accounts receivable.

Total accounts receivable
Net realizable value