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6 0 Required Information [The following information applies to the questions displayed below.) 1 of 4 Facial Cosmetics provides plastic surgery primarily to hide the

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6 0 Required Information [The following information applies to the questions displayed below.) 1 of 4 Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2018, the company provides services of $401,000 on account of this amount $51,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2018, is provided below. Book Age Group Not yet due 0-30 days past due 31-60 days past due More than 60 days past due Amount Receivable $ 31,000 10,100 7,100 2,800 Estimated Percent Uncollectible 3% 490 11% 25% Print Total $ 51,000 forences 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 Required Information [The following information applies to the questions displayed below.) Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2018, the company provides services of $401.000 on account. Of this amount, $$1,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2018, is provided below. Amount Estimated Percent Age Group Receivable Uncollectible Not yet due $ 31,000 3% 0-30 days past due 10,100 4% 31-60 days past due 7100 112 More than 60 days past due 2,800 25% Total $ 51,000 2. Record the December 31, 2018, adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $310 (debil, cf no entry is required for a transaction/event, select "No joumal entry required" In the first account field) View transaction list Journal entry worksheet > 1 Record the adjustment entry for Uncollectible Accounts. Note: Enter debits before credits Debit Credit General Journal Dato 17 18 Next 19 of 19

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