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1 Required information Problem 5-4B Record transactions related to uncollectible accounts (LO5-4,5-5) [The following information...

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1 Required information Problem 5-4B Record transactions related to uncollectible accounts (LO5-4,5-5) [The following information applies to the questions displayed below) of 4 Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $404,000 on account. Of this amount, $54,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021, is provided below. Estimated Percent Uncollectible 35 ook Age Group Not yet due 0-30 days past due 31-60 days past due More than 60 days past due Total Amount Receivable $34,000 10,400 7,400 2.200 $54,000 4% 119 254 ant ences Problem 5-4B Part 1 Required: 1. Calculate the allowance for uncollectible accounts. Age Group Estimated Amount Uncollectible Not yet due 0-30 days past due 31-60 days past due More than 60 days past due Total $ 0 Net 5 Problem 5-4B Part 2 2. Record the December 31, 2021, adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $340 (debit. (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

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