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Required information Problem 5-4B Record transactions related to uncollectible accounts (LO5-4, 5-5) [The following information applies to the questions displayed below.] Facial Cosmetics provides plastic
Required information Problem 5-4B Record transactions related to uncollectible accounts (LO5-4, 5-5) [The following information applies to the questions displayed below.] Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $405,000 on account. Of this amount, $55,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021, is provided below. Estimated Age Group Not yet due Amount Receivable. $35,000 Percent Uncollectible 4% 0-30 days past due 10,500 6 31-60 days past due 7,500 12 More than 60 days past due 2,000 30% Total $55,000 Problem 5-4B Part 3 Journal entry worksheet < 1 Record write off of actual bad debts. Note: Enter debits before credits. Date April 03, 2022 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 Record the entry to re-establish account previously written off. Note: Enter debits before credits. Date July 17, 2022 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 Record cash received on account account. Note: Enter debits before credits. Date July 17, 2022 General Journal Debit Credit Record entry Clear entry View general journal >
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