For the month of December 2017, patient charges at Northfield Hospital (a not-for-profit hospital) were $2,720,000. Third-party payors were billed $1,800,000.$520,000 of the $2,720,000 was expected to be uncollectible.Required:Prepare the necessary journal entry to record the anticipated uncollectible amount.
What will be an ideal response?
| Bad Debt Expense | $520,000 | |
| Allowance for Uncollectible Accounts | $520,000 | |
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