Community Medical is an outpatient health facility that provides minor surgical and other health-related services to...

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Community Medical is an outpatient health facility that provides minor surgical and other health-related services to the community. Many patients do not have insurance. These customers are required to pay within 30 days of receiving treatment. Estimated Percent Estimated Amount Amount Age Group Receivable Uncollectible Uncollectible Not yet due $600,000 10% 1-45 day's past due 200,000 20% More than 45 days past due 50,000 60% Total $850,000 1. 2. Estimate the allowance for future uncollectible accounts using the following age groups. Record the year-end adjustment for bad debt expense. 3. Record the write-off of $150,000 of actually accounts receivable that has become uncollectible during the year. 4. Estimate the allowance for future uncollectible accounts using the following age groups and record the year-end adjustment for bad debt expense. Age Group Not due Accounts Receivable Estimated Percent Uncollectible Estimated Uncollectible $800,000 15% 1-45 days More than 45 days $100,000 20% $25,000 60% Community Medical is an outpatient health facility that provides minor surgical and other health-related services to the community. Many patients do not have insurance. These customers are required to pay within 30 days of receiving treatment. Estimated Percent Estimated Amount Amount Age Group Receivable Uncollectible Uncollectible Not yet due $600,000 10% 1-45 day's past due 200,000 20% More than 45 days past due 50,000 60% Total $850,000 1. 2. Estimate the allowance for future uncollectible accounts using the following age groups. Record the year-end adjustment for bad debt expense. 3. Record the write-off of $150,000 of actually accounts receivable that has become uncollectible during the year. 4. Estimate the allowance for future uncollectible accounts using the following age groups and record the year-end adjustment for bad debt expense. Age Group Not due Accounts Receivable Estimated Percent Uncollectible Estimated Uncollectible $800,000 15% 1-45 days More than 45 days $100,000 20% $25,000 60%