Required information Problem 5-4A Record transactions related to uncollectible accounts (LO5-4, 5-5) (The following information applies to the questions displayed below.) Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $589,000. Of this amount, $79,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Estimated Percent Uncollectible 58 Age Group Not yet due 0-90 days past due 91180 days past due More than 180 days past due Total Amount Receivable $39,000 15,900 10,900 13, 200 $ 79,000 108 308 808 Problem 5-4A Part 1 Required: 1. Calculate the allowance for uncollectible accounts. Age Group Estimated Amount Uncollectible Not yet due 0-90 days past due 91-180 days past due More than 180 days past due Total Problem 5-4A Part 2 2. Record the December 31, 2021, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $4,900 (credit). (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 Record the adjusting entry for Uncollectible Accounts Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal Problem 5-4A Part 3 3. On July 19, 2022, a customer's account balance of $7,900 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 Record write off of actual bad debts. Note: Enter debits before credits. General Journal Debit Credit Date July 19, 2022 Record entry Clear entry View general journal Problem 5-4A Part 4 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