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please help it says im wrong and I dont know why I will like your answer Physicians Hospital has the following balances on December 31,
please help it says im wrong and I dont know why I will like your answer
Physicians Hospital has the following balances on December 31, 2024, before any adjustment Accounts Recelvable =$60,000; Allowance for Uncollectible Accounts =$1,100 (credih). On December 31, 2024, Physicians' estimates uncoliectible accounts to be 15% of accounts recelvable Required: 1. Record the acjusting entry for uncollectible accounts on December 31,2024 2. Determine the amount at which bad debt expense is reported in the income staternent and the allowance for uncollectible accounts is reported in the balance sheet 3. Calculate net accounts recelvable reported in the balance sheet Answer is complete but not entirely correct. 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 bccounts is reported in the balance sheet. Physicians' Hospital has the following balances on December 31, 2024, before any adjustment Accounts Recelvable =$60,000. Allowance for Uncollectible Accounts =$1,100 (credit). On December 31,2024 , Physiclan' estimates uncollectible accounts to be 15% of accounts recelvable: Required: 1. Record the adjusting entry for uncollectible accounts on December 31,2024 2. Determine the arnount at which bad debt expense is reported in the income statement and the aliowance for uncollectible accounts is reported in the balance sheet 3. Calculate net accounts recelvable reported in the balance shect. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Record the adjusting entry for uncollectible accounts pn December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fieid.) Pitysicians' Hospital has the following balances on December 31, 2024, before any adjustment. Accounts Receivable =$60,000 : Alowance for Uncollectible Accounts =$1,100 (credin) On December 31, 2024. Physicians' estimates uncollectible accounts to be 15% 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate net accounts recelvable reported in the balance sheet Step by Step Solution
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