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earl E. White Orthodontist specializes in correcting misaligned teeth. During 2024 , Pearl provides services on account of $590,000. If this amount, $80,000 remains receivable
earl E. White Orthodontist specializes in correcting misaligned teeth. During 2024 , Pearl provides services on account of $590,000. If this amount, $80,000 remains receivable at the end of the year. An aging schedule as of December 31,2024 , is provided below. Sequired: 1. Calculate the allowance for uncollectible accounts. 2. Calculate bad debt expense for 2024, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $5,000 (positive, credit balance). 3. On July 19,2025 , a customer's account balance of $8,000 is written off as uncollectible. Show the financial statement effects of this write-off. Complete this question by entering your answers in the tabs below. Calculate the allowance for uncollectible accounts. 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. 2. Calculate bad debt expense for 2024, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $5,000 (positive, credit balance). 3. On July 19,2025 , a customer's account balance of $8,000 is written off as uncollectible. Show the financial statement effects of this write-off. Complete this question by entering your answers in the tabs below. Calculate bad debt expense for 2024, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $5,000 (positive, credit balance). 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. 2. Calculate bad debt expense for 2024, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $5,000 (positive, credit balance). 3. On July 19,2025 , a customer's account balance of $8,000 is written off as uncollectible. Show the financial statement effects of this write-off. Complete this question by entering your answers in the tabs below. On July 19,2025 , a customer's account balance of $8,000 is written off as uncollectible. Show the financial statement effects of this write-off. Note: Amounts to be deducted should be indicated by a minus sign
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