Question: The Metro County Hospital could not collect the amount billed
The Metro County Hospital could not collect the amount billed to a patient who declared bank-ruptcy and had no assets with which to pay his debts. Assuming the patient owed the hospital $ 3,000, prepare the entry or entries necessary to record the uncollectible account if the hospital uses the allowance method. After preparing the necessary entry or entries, state what effect the write- off will have on the balance sheet.
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