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Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $582,000. Of this amount, $72,000 remains receivable
Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $582,000. Of this amount, $72,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Age Group Not yet due 0-90 days past due 91-180 days past due Amount Receivable. Estimated Percent Uncollectible $32,000 41 15,200 159 10,200 20% More than 180 days past due Total 14,600 85% $72,000 4. On September 30, 2022, the customer whose account was written off in part 3 unexpectedly pays the full amount. Record the cash collection. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the entry to re-establish account previously written off. Note: Enter debits before credits. Date September 30, 2022 General Journal Debit Credit
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