Question

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 $579,000. Of this amount. $69,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021. is provided below. Estimated Percent Uncollectible Age Group Not yet due 0-90 days past due 51-180 days past due More than 180 days past due Total Amount Receivable $29,000 14,900 9,900 15,200 $69,000 154 20$ Part 2 of 4 (The following information applies to the questions displayed below) 15 points Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $579,000. Of this amount, $69,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below Estimated Percent Uncollectible eBock Age Group Not yet due 0-90 daya past due 91-180 days past due More than 180 days past due Total Amount Receivable $29,000 14,900 9,900 15,200 $69,000 154 20% a58 Print References 2. Record the December 31, 2021, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $3,900 (credit). (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist View journal entry worksheet No General Journal Debit Credit Date December 31, 2021 Bad Debt Expense Allowance for Uncollectible Accounts 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 $579.000. Of this amount, $69.000 remains receivable at the end of the year. An aging schedule as of December 31, 2021. is provided below. Estimated Percent Uncollectible Age Group Not yet due 0-90 days past due 91-180 days past due More than 180 days past due Total Amount Receivable $29,000 14,900 9,900 15, 200 $69,000 15% 204 854 .On September 30, 2022, the customer whose account was written off in part 3 unexpectedly pays the full amount. Record the cash ollection. (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 1 Record the entry to re-establish account previously written off. Note: Enter debits before credits. General Journal Debit Credit Date September 30, 2022 Record entry Clear entry View general journal 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 $579,000. Of this amount, $69,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Estimated Percent Uncollectible Age Group Not yet due 0-90 days past due 91-180 daye past due More than 180 days past due Total Amount Receivable $29,000 14,900 9,900 15,200 $69,000 15$ 203 B5% 4. On September 30, 2022, the customer whose account was written off in part 3 unexpectedly pays the full amount. Record the cash collection. (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 2 Record cash received on account. Note: Enter debits before credits. Date General Journal Debit Credit September 30, 2022 Record entry Clear entry View general journal

Answer 1

2.

Age Interval	Receivables	% Uncollectible	Allowance
Not yet due	$           29,000	4%	$              1,160
0-90 days past due	$           14,900	15%	$              2,235
91-180 days past due	$              9,900	20%	$              1,980
More than 180 days past due	$           15,200	85%	$           12,920
Total	$           69,000		$           18,295

Account Titles	Debit	Credit
Bad Debt Expense	$        14,395
Allowance for Doubtful Accounts		$        14,395

4.

Account Titles	Debit	Credit
Accounts Receivable
Allowance for Doubtful Accounts
Cash
Accounts Receivable

Since amount for write off is not given, amounts could not be entered. Use amount given in point 3.

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