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

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Accounting

Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $59,000; Allowance for Uncollectible Accounts = $1,300 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below.

Age Group Amount Receivable Estimated Percent Uncollectible
Not yet due $ 39,000 20 %
030 days past due 9,900 25 %
3190 days past due 6,900 40 %
More than 90 days past due 3,200 80 %
Total $ 59,000

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