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Question: Mercy Hospital has the following balances on December 31, 2012, before any adjustment: Accounts Receivable = $60,000; Allowance for Uncollectible Accounts = $1,500 (credit). 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 adjustment for uncollectible accounts on December 31, 2012.

3. Calculate the net realizable value of accounts receivable.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92329003

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