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At the beginning of 20X1, Zn1 Hospital reported Accounts Receivable $10000 and Allowance for Uncollectible...

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Accounting

At the beginning of 20X1, Zn1 Hospital reported Accounts Receivable $10000 and Allowance for Uncollectible Accounts $1800 (credit). During 20X1, before recording the year-end adjusting entries, the Hospital recorded credit sales revenue $18000 and wrote off accounts receivable $500. The following balance was reported on December 31, 20X1, before any adjustment: Accounts Receivable = $13000. The Hospital estimates uncollectible accounts based on an aging of accounts receivable as shown below.

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Amount Estimated Percent Receivable Uncollectible $ 8,000 10% 4,000 20% Age Group Not yet due 0-30 days past due More than 30 days past due Total 1,000 50% $ 13,000 Required: Please choose the best answer to the following questions based on the above information. On December 31, 20X1, what is the amount of accounts receivable that the Hospital expects to collect from customers? $13000 O $10900 O $10400 O $8200 What is the amount of bad debt expense that the Hospital recorded in its December 31, 20X1, adjustment to the allowance account? O $2100 O $800 O $1600 O $300 How much cash did the Hospital collect on Accounts Receivable in 20X1? O $17500 O $18000 O $14500 O $15000

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