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The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2021, before
The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $99,000; Allowance for Uncollectible Accounts = $2,900 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below.
Chapter 5 Homework Saved Help Save & Eat Submit Check my work 00 Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total Estimated Percent Amount Receivable uncollectible $ 49,00 24,00 155 10,200 599.00 Skepped Required: 1. Estimate the amount of uncollectible receivables. Age Group Estimated Amount Uncollectible Not yet de 0-60 days past due 61-120 days past due More than 120 days past de Total $ 0Step by Step Solution
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