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Please answer quickly i rate good! 17) Physicians' Hospital has the following balances on December 31,2024 , before any adjustment: Accounts Receivable =$43,000 : Allowance
Please answer quickly i rate good!
Physicians' Hospital has the following balances on December 31,2024 , before any adjustment: Accounts Receivable =$43,000 : Allowance for Uncollectible Accounts =$1,200 (credif). On December 31 , 2024. Physiclans' estimates uncollectible accounts to be 10% of accounts recelvable. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2024. 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. 3. Calculate net accounts receivable reported in the balance sheet. Journal entry worksheet Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Physicians' Hospltal has the following balances on December 31,2024, before any adjustment: Accounts Recelvable =\$43,000; Allowance for Uncollectible Accounts =$1,200 (credi). On December 31, 2024, Physiclans' estimates uncollectible accounts to be 10\%) of accounts recelvable. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2024. 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. 3. Calculate net accounts recelvable reported in the balance sheet. Complete this question by entering your answers in the tabs below. 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. Physicians' Hospltal has the following balances on Decembet 31, 2024, before any adjustment: Accounts Receivable = $43,000. Allowance for Uncollectible Accounts =$1,200 (credig). On December 31, 2024. Physicians' estimates uncollectible accounts to be 108 of accounts recelvable. Required: 1. Record the adjusting entry for uncollectlble accounts on December 31, 2024. 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. 3. Calculate net accounts recelvable reported in the balance sheet. Complete this question by entering your answers in the tabs below. Calculate net accounts recelvable reported in the balance sheet 17)
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