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Return to question The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $99.000: Allowance for Uncollectible Accounts $2,900 (debid. The center estimates uncollectible accounts based on an aging of accounts receivable as shown below. 14.28 Estimated Tercent Uncollectible Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total Amount Receivable $ 49,000 24,900 14,900 10,200 $.99,000 Required: 1. Estimate the amount of uncollectible receivables. Answer is complete and correct. Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Estimated Amount Uncollectible 1.960 3.735 3,725 8.160 17.500 Total 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.) Answer is not complete. 14.28 No Date General Journal Debit Credit 3. Calculate net accounts receivable Total Accounts Receivable Net Accounts Receivable Help Save & Exit HW 5 0 Submit Check my work Below are amounts (in millions) from three companies' annual reports. 1428 points Beginning Accounts Receivable $1.765 5,916 579 Ending Accounts Receivable $2,712 6.444 615 Walco TarMart Costet Net Sales $317,427 62,878 63,963 Book Required: 1. Calculate the receivables turnover ratio and the average collection period for Walco, TarMart and CostGet (Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers to one decimal place.) References Receivables Turnover Ratio = Receivables turnover ratio Walco TarMart CostGet Average Collection Period = Walco TarMart Coste Average collection period days days days = Receivables turnover ratio Walco TarMart Cos Get times 14.28 points Average Collection Period - Average collection period Book days HER TarMart days Print Costet days References 2. Which company appears most efficient in collecting cash from sales? Walco TorMart CostGet

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