Question

Mercy Hospital has the following balances on December 31, 2015, before any adjustments: accounts receivable = $104,000; allowance for uncollectible accounts = $3,600 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below.


Required:
1. Estimate the amount of uncollectible receivables.
2. Record the adjustment for uncollectible accounts on December 31, 2015.
3. Calculate the net realizable value of accountsreceivable.


$1.99
Sales3
Views409
Comments0
  • CreatedJuly 15, 2014
  • Files Included
Post your question
5000