ysicians' Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = 5,000; Allowance for Uncollectible Accounts = $1,000 (credit). On December 31, 2021, Physicians' estimates collectible accounts to be 20% of accounts receivable. quired: Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular insaction/event, select "No Journal Entry Required" in the first account field.) 5 View transaction list View journal entry worksheet No Date General Journal December 31, 2021 Bad Debt Expense Allowance for Uncollectible Accounts Debit Credit 1 9,000 9,000 Connect - Class: ACCT 251 Summer 2020 Connect Check my work mode : This shows what is correct or incorrect for the work you completion. 7 Answer is complete but not entirely correct. $ 1.07 points Bad Debt Expense Allowance for Uncollectible Accounts 8,000 37,000 X $ 3. Calculate net accounts receivable. Answer is complete but not entirely correct. Total Accounts Receivable Less: Allowance for Uncollectible Accounts 45,000 37,000 X Net Accounts Receivable + 8.000 ysicians' Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = 5,000; Allowance for Uncollectible Accounts = $1,000 (credit). On December 31, 2021, Physicians' estimates collectible accounts to be 20% of accounts receivable. quired: Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular insaction/event, select "No Journal Entry Required" in the first account field.) 5 View transaction list View journal entry worksheet No Date General Journal December 31, 2021 Bad Debt Expense Allowance for Uncollectible Accounts Debit Credit 1 9,000 9,000 Connect - Class: ACCT 251 Summer 2020 Connect Check my work mode : This shows what is correct or incorrect for the work you completion. 7 Answer is complete but not entirely correct. $ 1.07 points Bad Debt Expense Allowance for Uncollectible Accounts 8,000 37,000 X $ 3. Calculate net accounts receivable. Answer is complete but not entirely correct. Total Accounts Receivable Less: Allowance for Uncollectible Accounts 45,000 37,000 X Net Accounts Receivable + 8.000