Question
Physicians' Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable $58,000; Allowance for Uncollectible Accounts $1,200 (credit). On December
Physicians' Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable $58,000; Allowance for Uncollectible Accounts $1,200 (credit). On December 31, 2021, Physicians' estimates uncollectible accounts to be 10% of accounts receivable. Required: 1. 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 Journal entry worksheet < Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date: December 31 General Journal Debit Credit < Prev 25 of 25 Next
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