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Uncollectible account if the hospital uses the allowance

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The Metro County Hospital could not collect the amount billed to a patient who declared bank ruptcy and had no assets with which to pay his debts. Assuming the patient owed the hospital $ 3,000, prepare the entry or entries necessary to record the uncollectible account if the hospital uses the allowance method. After preparing the necessary entry or entries, state what effect the write off will have on the balance sheet.

Reference no: EM13873848

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