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Mercy Hospital has the following balances...

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Accounting

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Mercy Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Recelvable =$70,000. Allowance for Uncollectible Accounts =$1,400 (positive balance) Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. Total Receivables by Aging 1. Estimate the amount of uncollectible receivables. 2. Assume the balance of Allowance for Uncollectible Accounts prior to adjustment is $1,400 (positive balance). After making an adjustment for estimated uncollectible accounts, determine the amount of bad debt expense the company would report at the end of 2024 3. Calculate net accounts receivable

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