Medillan Clinic provides treatment and care for Individuals with spinal cord Injuries. On December 31,...
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Medillan Clinic provides treatment and care for Individuals with spinal cord Injuries. On December 31, 2021 before any adjustment, the clinic has the following balances: Accounts Receivable = $104,000: Allowance for Uncollectible Accounts = $3,400 (debit). As shown below, the clinic uses an aging of accounts receivable to estimate uncollectible accounts. Age Group Not yet due e-68 days past due 61-120 days past due More than 12e days past due Total Estimated Percent Amount Receivable Uncollectible $ 54, eee 4% 25, 4ee 20% 15,40e 30% 9, 2ee 85% $104, eee 2. 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.) View transaction list Journal entry worksheet 1 Record the adjusting entry for Uncollectible Accounts. Notes Enter debts before credits General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general Journal 3. Calculate net accounts receivable Tolal Accounts Receivablo Net Accounts Receivable
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