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12 85 ints Problem 5-4A (Algo) Record transactions related to uncollectible accounts (LO5-4, 5-5) Pearl E. White Orthodontist specializes in correcting misaligned teeth. During
12 85 ints Problem 5-4A (Algo) Record transactions related to uncollectible accounts (LO5-4, 5-5) Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2024, Pearl provides services on account of $582,000. Of this amount, $72,000 remains receivable at the end of the year. An aging schedule as of December 31, 2024, is provided below. Estimated Percent Print References eBook Age Group Not yet due 0 to 90 days past duel Amount Receivable Uncollectible $32,000 15,200 4% 15% 91 to 180 days past 10,2001 20% due More than 180 days. 14,600 85% past due Total $72,000 Required: 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $4,200 (credit). 3. On July 19, 2025, a customer's account balance of $7,200 is written off as uncollectible. Record the write-off. 4. On September 30, 2025, the customer whose account was written off in requirement 3 unexpectedly pays the full amount. Record the cash collection. 12 0.85 points 3. On July 19, 2025, a customer's account balance of $7,200 is written off as uncollectible. Record the write-off. 4. On September 30, 2025, the customer whose account was written off in requirement 3 unexpectedly pays the full amount. Record the cash collection. Complete this question by entering your answers in the tabs below. eBook Req 1 Req 2 to 41 Print Calculate the allowance for uncollectible accounts. References Estimated Age Group Amount Uncollectible Not yet due 0 to 90 days past due 91 to 180 days past duet More than 180 days past due. Total Renid Rea 2 to 4 > 12 (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. 85 bints View transaction list Journal entry worksheet eBook < 1 2 3 4 Print References Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit View general journal Dana antru Clear entry
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