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Physicians' Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = \$1,100 (credit). On December 31, 2024, Physicians' estimates uncollectible accounts to be 15% of accounts receivable. 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. Complete this question by entering your answers in the tabs below. Record the adjusting entry for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/eve select "No Journal Entry Required" in the first account field.) Physicians' Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = \$1,100 (credit). On December 31, 2024, Physicians' estimates uncollectible accounts to be 15% of accounts receivable. 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. 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' Hospital has the following balances on December 31,2024 , before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = \$1,100 (credit). On December 31, 2024, Physicians' estimates uncollectible accounts to be 15% of accounts receivable. 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. Complete this question by entering your answers in the tabs below. Calculate net accounts receivable reported in the balance sheet. Required: 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. Complete this question by entering your answers in the tabs below. Estimate the amount of uncollectible receivables. Record the adjusting entry for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/eve select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $90,000; Allowance for Uncollectible Accounts =$2,000 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below. Required: 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. Complete this question by entering your answers in the tabs below. Calculate net accounts receivable reported in the balance sheet
