Physicians’ Hospital has the following balances on December 31, 2018, before any adjustment

Physicians’ Hospital has the following balances on December 31, 2018, before any adjustment: Accounts Receivable = $60,000; Allowance for Uncollectible Accounts = $1,100 (credit). On December 31, 2018, Physicians’ estimates uncollectible accounts to be 15% of accounts receivable.

Required:

1. Record the adjustment for uncollectible accounts on December 31, 2018.


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