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Gable Incorporated provides legal services. During 2021, the company provides services of $500,000 on account of this amount $70,000 remains uncollected at the end of
Gable Incorporated provides legal services. During 2021, the company provides services of $500,000 on account of this amount $70,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021 is provided below Age Group Not yet due 0-30 days past due 31-60 days past due More than 60 days past doe Total Estimated Amount Percent Recevabile Uncollectible $40,000 5% 19,000 103 9.000 ze 6,000 40 574.000 1856 Required: 1. Calculate the allowance for uncollectible accounts 2. Record the December 31, 2021 adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $500 (debi 3. On April 3, 2022, a customer's account balance of $600 is written off as uncollectible Record the write-off 4. On July 17, 2022the customer whose account was written off in Requirement 3 unexpectedly pays $200 of the amount but does not expect to pay any additional amounts Record the cash collection Complete this question by entering your answers in the tabs below.
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