Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mercy hospital has the following balances on decem

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

60.1K

Verified Solution

Question

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Cystic fibrosis is a recessive disorder. If a child comes from two heterozygous parents, what is...

Psychology
1.2K views

Explain in 3 paragraphs in YOUR OWN WORDS what functional medicine is.

Mechanical Engineering
1.2K views

A fixed-mass system contains water (H20) in a rigid (fixed-volume) container. The mass of the water...

Basic Math
1.2K views

In IBM SPSS, where in the analyze menu can you find Wilcoxon test? A. Correlate B. Mixed models C....

Biology
1.2K views

24 is the cline that leads to increased frequency of A Novichok as an assassination...

Biology
1.2K views

21 a True b False Chargaff s Rule can be correctly written several different ways...

Geometry
1.2K views

x The quadrilateral shown is a rhombus What is m 24 x A 58 4

Basic Math
1.2K views

Identify any other values of x (other than those corresponding to vertical asymptotes) for which...

Accounting
1.2K views

Hugh has the choice between investing in a City of Heflin...

Accounting
1.2K views

Analyze the tax stimulus of 3 country for the coronavirus economy impact. How do they...

Accounting
1.2K views

Mendez Company is considering a capital project that costs $16,000. The project will deliver the...

Accounting
1.2K views

Part 2 Planning the Audit 6.9 The following short cases describe some specific internal control...