80.2K

Verified Solution

Link Copied!

0 Required information [The following information applies to the questions displayed below.) Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $574,000. Of this amount, $64,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021. is provided below. Age Group Not yet due 0-90 days past dun 91-180 days past due More than 180 days past due Total Amount Receivable $24,000 14,400 9,400 16,200 $64,000 Estimated Percent Uncollectible Se 200 250 700 2. Record the December 31, 2021, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $3,400 (credi). (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credit Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general Journal 3. On July 19, 2022, a customer's account balance of $6,400 is written off as uncollectible. Record the write-off. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

Answer & Explanation Solved by verified expert

See Answer