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Exercise 5-8 (Algo) Record the adjusting entry for uncollectiblefaccounts and calculate net accounts recelvable (LO5.5) Physicians' Hosptai has the following balances on December 31, 2024, before any acjustment. Accounts Aeceivable 4559.000 : ef eccourts recelvable. Required: 1. Aecoed the sijusting entry for uncollectible accounts on Decembet 31,2024 2. Determine the amouns at which bad debt expense is reported is the income statement and the allawance for uncolectoble accounts is reported in the baiance sheet. 2. Calculate net accounts recelvable reported in the balance sheet. Complete this quesbien by Entering rour answers in the tabs below. Exercise 5-8 (Algo) Record the adjusting entry for uncollectible accounts and calculate net accounts recelvable (LO5-5) Physicians' Hospital has the following bolances on December 31, 2024, before any adjustment Accounts Receivable =$59,000 : Allowance for Uncollectble Accounts = \$1,000 teredis. On December 31, 2024, Physicians' estimates uncoliectible accounts to be 20% of accounts receivable Required: 1. Record the adjusting entry for uncollectible accounts on December 31,2024. 2. Determine the amoumt ot which bad debt expense is reported in the income statement and the dilowance for uncollectible accounts is reported in the bolance sheet. 3. Calculate net nccounts receivable reported in the balance sheet Complete this question by entering your answersin the tabs below. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet. Exercise 5-8 (Algo) Record the adjusting entry for uncollectible accounts and calculate net accounts recelvable (LOS-5) Ptyalcians' Hospital has the foliowing boiances on December 31,2024, before sary scfustment Accounts Recelvable = 559,000 ; of accounts receivable. Pequired: 1. Apcord the ndpusting entry for uncoliectible accounts on December at.2024 2. Determine the amount at which bad debt expense is reponted in the income statement and the allowance for uncolectible accounts is reported in the balance sheet 3. Calculate net accounts recehrable repocted in the bolance sheet. Complete this guestion by entering your answersin the tabs below. Calculate net accounts recelvable reportind in the baiance sheet

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