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Physicians Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $54.000, Allowance for Uncollectible Accounts = $1,100 (credin. On December 31, 2021, Physicians' estimates uncollectible accounts to be 15% of accounts receivable Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No Debit Credit Answer is complete and correct. Date General Journal December 31, 202 Bad Debt Expense Allowance for Uncolectible Accounts 1 7.000 7,000 2. Determine the amount at which bod debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet Answer is complete but not entirely correct. Bad Debt Expenso Allowance for Uncollectible Accounts $ S 7,000 8.000 O 2. Determine the amount at which bad debt expense is reported in the income statement and the alowance for uncollectible accounts is reported in the balance sheet Answer is complete but not entirely correct. Bad Debt Expense Allowance for Uncollectible Accounts $ $ 7,000 8.000 3. Calculate net accounts receivable Answer is complete but not entirely correct. s Total Accounts Receivable Les Alowance for Uncollectible Accounts 54.000 8.000 46.000 Net Accounts Receivable