Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable =...

 

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Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $50,000; Allowance for Uncollectible Accounts = $1,300 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Amount Receivable $30,000 9,000 Estimated Percent Uncollectible 20% 17 6,000 5,000 $50,000 25% 40% 80% Required: 1. Estimate the amount of uncollectible receivables. Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Estimated Amount Uncollectible Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $50,000; Allowance for Uncollectible Accounts = $1,300 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Amount Receivable $30,000 9,000 Estimated Percent Uncollectible 20% 17 6,000 5,000 $50,000 25% 40% 80% Required: 1. Estimate the amount of uncollectible receivables. Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Estimated Amount Uncollectible