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Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $408,000
Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $408,000 on account. Of this amount, $58,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021, is provided below. Estimated Age Group Not yet due 0-30 days past due 31-60 days past due Amount Receivable Percent Uncollectible $38,000 41 10,800 6% 7,800 12 More than 60 days past due 1,400 300 Total $58,000 Problem 5-4B Part 3 3. On April 3, 2022, a customer's account balance of $480 is written off as uncollectible. Record the write-off. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. No 1 Date April 03, 2022 General Journal Bad Debt Expense Allowance for Uncollectible Accounts Debit Credit 3,904 3,904
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