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Journal Entry: g) Receivables Receivables Note: insert rows within the print area as needed 12/31/21 Example debit 99,999 Example credit 99,999 Briefly describe the issue

Journal Entry: g) Receivables Receivables Note: insert rows within the print area as needed
12/31/21 Example debit 99,999
Example credit 99,999
Briefly describe the issue and explain how your journal entry/(ies) fix the problem:
Show detailed, clearly-labeled calculations for any values:
During 2021, $604,870 was sold on credit, and a total of $544,380 was collected before the end of 2021. Also during the year, $3,670 was written off directly as Bad Debt Expense. An aging analysis of the remaining A/R balance revealed the following:
Age Pct of A/R Pct Uncollectible
<30 days 59.0% 1.0%
30-60 days 24.0% 3.0%
60-90 days 10.0% 8.0%
90-120 days 5.0% 24.0%
>120 days 2.0% 50.0%

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