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17 15 points ped Problem 5-4A (Algo) Record transactions related to uncollectible accounts (LO5-4, 5-5) Pearl E. White Orthodontist specializes in correcting misaligned teeth.
17 15 points ped 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. Age Group Not yet due Estimated Percent Uncollectible Amount Receivable $32,000 49 0 to 90 days past 15,200 159 dae 91 to 180 days past 10,200 20% due More than 100 days 14.600 85% past due Print Total $72,000 Required: References 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. Complete this question by entering your answers in the tabs below. Req 2 to 4 Calculate the allowance for uncollectible accounts Age Group Estimated Amount Uncollectible Not yet due 0 to 90 days past due 01 to 180 days past dus More than 180 days past due Total 0 Req 2 to 4 >
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