Question: Dr. Silvertons practice is located in a community with a relatively high percentage of low-income households. At the end of the fiscal year, the accounts

Dr. Silvertons practice is located in a community with a relatively high percentage of low-income households. At the end of the fiscal year, the accounts receivable for the practice totals $60,000. Half of that amount is from insurance claims not yet paid and are assumed to be fully collectible. The other half is made up of receivables from private- pay patients. Dr. Silverton treats a number of families knowing that they are unable to pay the full amount charged and has estimated that the uncollectible portion of receivables from private pay patients is 20%. What is the allowance for uncollectible accounts receivable?

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