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Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $584,000. Of this amount, $74,000 remains receivable
Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $584,000. Of this amount, $74,000 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 Estimated Percent Uncollectible *. 11 91-180 days past due More than 180 days past due Total Amount Receivable $34,000 15,400 10,400 14,200 $74,000 20% 25% 80% 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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