Estimate the amount of uncollectible receivables.

Mercy Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $70,000; Allowance for Uncollectible Accounts = $1,400 (credio. Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below.

Required:

1. Estimate the amount of uncollectible receivables.

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.)

3. Calculate net accounts receivable.

Mercy Hospital has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $70,000; Allowanc

2. Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular tran

3. Calculate net accounts receivable. Total Accounts Receivable Net Accounts Receivable

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