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a customer's account balance is written off as uncollectible P5-4A Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2024 , Pearl provides services
a customer's account balance is written off as uncollectible
P5-4A Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2024 , Pearl provides services on account of $590,000. Of this amount, $80,000 remains receivable at the end of the year. An aging schedule as of December 31, 2024, is provided below. Required: 1. Calculate the allowance for uncollectible accounts. page 271 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $5,000 (credit). 3. On July 19, 2025, a customer's account balance of $8,000 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 collectionStep by Step Solution
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