Physicians' Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,100 (credit). On December 31, 2021, Physicians' estimates uncollectible accounts to be 15% of accounts receivable.

Required:

1. Record the adjusting entry for uncollectible accounts on December 31, 2021.

	Estimated Fair Value	Allocation Percentage		Amount of Basket Purchase	Recorded Amount
Land			%
Building			%
Equipment			%
Total