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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