Estimate the amount of uncollectible receivables

Assignment Help Finance Basics

Reference no: EM131520270

Question: The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2012, before any adjustment: Accounts Receivable = $100,000; Allowance for Uncollectible Accounts = $3,000 ( debit). The center 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.

Reference no: EM131520270

Questions Cloud

International finance market : You are the treasury department for a multinational firm and have been asked to raise $20 million from the international finance market.

What acs services would you recommend : Explain how the American Cancer Society might provide education and support. What ACS services would you recommend and why?

Private insurance company plan : MTOP Inc. offers its employees the choice between a private insurance company plan (Blue Cross/Blue Shield), an HMO

Build on the information you presented in research proposal : write a conclusion paragraph for your paper. In addition, you will be utilizing your research sources to provide additional support for your thesis statement

Estimate the amount of uncollectible receivables : The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December.

Identification of the characteristics of mentors : Identification of the characteristics of mentors that have been (or could be) most successful in recruiting and training diverse nurses and nurse faculty.

What terrorism today poses the most significant threat to us : Assignment: Most significant terrorist threat to United States. What terrorism today poses the most significant threat to the United States?

Who determines ethical standards for advertising : Find one example of a commercial that strikes you as particularly creative and appealing: What are the elements that are unusual?

Explain the allowance method : At the beginning of 2012, Brad's Heating & Air (BHA) has a balance of $25,000 in accounts receivable. Because BHA is a privately owned company.

User Account

All Pages