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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. Estimated Age Group Amount Receivable. Percent Uncollectible Not yet due $32,000 4 0-90 days past due 15,200 158 91-180 days past due 10,200 20% More than 180 days past due 14,600 85 Total $72,000 3. On July 19, 2022, a customer's account balance of $7,200 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.) View transaction list Journal entry worksheet < 1 Record write off of actual bad debts. Note: Enter debits before credits.. Date July 19, 2022 General Journal Debit Credit
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