Physicians' Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable $52.000; Allowance for Uncollectible Accounts $1,200(credit) On December 31, 2021, Physicians' estimates uncollectible accounts to be 10% of accounts receivable.
Required:
1. Record the adjusting entry for uncollectible accounts on December 31, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
